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Is my Insense income taxed? 

Understand how your Insense earnings may be taxed and what income you need to report

 

Your income at Insense can be taxed according to the law of the country where you live. It is your responsibility to learn the rules of tax legislation and pay taxes on your income on time.

For U.S. creators, refer to the Self-Employment Tax legislation for guidance.

4 things you need to report on your taxes

This is not a complete list of what qualifies and what doesn’t, but according to the guidelines given by the IRS, you should make sure you report things like:

  • Brand Partnerships: Do you have a podcast or a video channel that a brand is sponsoring? You need to include what you’re paid as income.

  • Products: If you get a product from a brand to review, such as a laptop, camera, gym gear, or nutritional supplements, you have to report that as income at its fair market value.

  • Sponsored Posts: Typically a brand will pay you money as the creator of content – it can be a video or a post. This would also include social media promotion. Again, this is something you need to include.

  • Ads: Any income you receive from ads needs to be counted as income.