Nowadays, anyone can have an audience. With YouTube, Vimeo, Metacafe, Daily Motion and a host of other video sharing sites, anyone can make a video AND make money out of it. If you're a video maker and earn money from your videos, you need to declare your income and claim tax deductions. Here's a video and article that shows you what types of tax deductions you're eligible for:
Pay Less Tax
Have you claimed your Earned Income Tax Credit Refund?
The Internal Revenue Service (IRS) informed that one in five tax fillers in the US eligible for the earned income tax credit refund does not claim it.
If you are a wise taxpayer, you know you should not pay the government more or less than what you owe in taxes to avoid IRS problems. What numerous taxpayers don't realize is that there are particular income types that the government cannot collect taxes on legally.