Can I write off content creation tools?
Business Expensesfreelancerssmall businessphotographerscontent creatorssocial media managers
If you are a freelancer, small business owner, or work in a profession where content creation is a part of your business operations, you can deduct the cost of content creation tools as a business expense. These tools must be directly related to your trade or business and not for personal use. For example, a photographer can deduct the cost of photo editing software, while a social media manager can deduct the cost of a social media scheduling tool. However, if these tools are used for personal purposes, the deduction must be prorated based on the percentage of business use.