Updated for 2026 (Filing 2025 Taxes)
From showcasing the beauty of Door County to sharing expert gaming tips, being a YouTuber in Wisconsin offers unique opportunities – and unique tax responsibilities. Successfully navigating those responsibilities is crucial for long-term financial health.
As a content creator earning income through YouTube, the IRS considers you self-employed. This means all income generated from your channel must be reported on Schedule C (Profit or Loss From Business) with your federal income tax return (Form 1040). Furthermore, earnings exceeding $400 necessitate the payment of self-employment tax, covering both Social Security and Medicare contributions.
As a resident of Wisconsin, filing a state income tax return is required, even if no federal tax is due. Wisconsin utilizes a graduated income tax system, meaning the tax rate increases as your income rises. For the 2025 tax year, self-employed individuals will primarily use Form 1040-ES and Schedule 1 to report their income and calculate their Wisconsin income tax liability. Wisconsin also requires reporting of federal Schedule C income on Form 4797, Wisconsin Schedule 1, and potentially Form Z, depending on the nature of the business. Wisconsin offers several credits and deductions that can reduce your tax burden, including a Wisconsin Earned Income Credit and a credit for school property taxes. It’s important to note that Wisconsin does not automatically conform to all federal tax changes; therefore, staying updated on state-specific legislation is vital. Wisconsin also has a specific rule regarding the treatment of Qualified Business Income (QBI) deductions, which may differ from the federal rules. Consulting with a tax professional familiar with Wisconsin tax law is highly recommended to ensure accurate filing and maximize potential savings. You can find more information and access forms on the Wisconsin Department of Revenue website: Wisconsin Department of Revenue.
Note on Mileage: As a home-based YouTuber, mileage deductions are less common. However, if you occasionally travel for client meetings, filming locations outside your home, or to purchase business supplies, you can deduct those business-related miles using the standard mileage rate (set annually by the IRS) or actual vehicle expenses.
The 15.3% self-employment tax is comprised of two components: 12.4% for Social Security and 2.9% for Medicare. This tax effectively covers both the employer and employee portions of these taxes, as you are both the employer and employee when self-employed. You can deduct one-half of your self-employment tax from your gross income when calculating your adjusted gross income (AGI).
Estimate your taxes using current IRS rules.
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*Disclaimer: This is a simplified estimate. Includes SE Tax, State Tax, and QBI Deduction impact. Consult a CPA.
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