AmberCutie's Forum
An adult community for cam models and members to discuss all the things!

TAXES!?

  • ** WARNING - ACF CONTAINS ADULT CONTENT **
    Only persons aged 18 or over may read or post to the forums, without regard to whether an adult actually owns the registration or parental/guardian permission. AmberCutie's Forum (ACF) is for use by adults only and contains adult content. By continuing to use this site you are confirming that you are at least 18 years of age.
Status
Not open for further replies.
S

SkinnyLoveXXX

Aug 15, 2012
8
1
46
Hey girls, Im a model on MFC. [SkinnyLoveXXX]
I've switched around on sites but havent been camming for a year yet. I was wondering of the USA models that work on MFC, what percentage of your paycheck do you set aside for taxes later? Because we file our own taxes I know that i'll be owing bank. Im just not sure what exact percentage I should be saving. Please let me know what you've done if you have already done your taxes regarding mfc before.
 
  • Like
Reactions: SinBabyXO
SkinnyLoveXXX said:
Hey girls, Im a model on MFC. [SkinnyLoveXXX]
I've switched around on sites but havent been camming for a year yet. I was wondering of the USA models that work on MFC, what percentage of your paycheck do you set aside for taxes later? Because we file our own taxes I know that i'll be owing bank. Im just not sure what exact percentage I should be saving. Please let me know what you've done if you have already done your taxes regarding mfc before.
Click to expand...

Here is a whole thread about taxes :) Hopefully this helps

viewtopic.php?f=35&t=5365
 
  • Like
Reactions: Clare and KayleePond
She wont be bale to see that thread until she has model status but yes that's the place!
Here is some further info on how to get model status! viewtopic.php?f=24&t=1696
 
  • Like
Reactions: KayleePond, Ann_Sulu, Neira_ and 1 other person
I talked to an accountant about this. He said best thing to do us file it quarterly so 4 times in the year. Put away 25% of each check
 
RoxyMFC said:
I talked to an accountant about this. He said best thing to do us file it quarterly so 4 times in the year. Put away 25% of each check
Click to expand...

The percentage would be different for every state and how much you're making (you'll change tax brackets).
 
  • Like
Reactions: KylieJacobs and LilyEvans
SexyStephXS said:
RoxyMFC said:
I talked to an accountant about this. He said best thing to do us file it quarterly so 4 times in the year. Put away 25% of each check
Click to expand...

The percentage would be different for every state and how much you're making (you'll change tax brackets).
Click to expand...

Yes, this. You'll have to pay federal income tax as well as state income tax. Each state has its own income tax regulations (some have no income tax at all) and the federal taxes vary by the amount of money you're making. Get a CPA and get verified! :D
 
  • Like
Reactions: KayleePond and SexySteph
Status
Not open for further replies.

Similar threads

SensualJade
How do you save your money?
Replies
15
Views
401
Ask-a-Model!
AussieCosplay
AussieCosplay
I
  • Locked
Taxes for New Models and Content Creators
Replies
0
Views
267
General Cam/Creator Chat
iristhegem
I
SensualJade
  • Locked
Streamate/Masspay/other payout options
Replies
10
Views
1K
Ask-a-Model!
Shiza
S
redsilk
  • Locked
What to tell Bank the money is from? Card just got closed
Replies
3
Views
510
General Cam/Creator Chat
AussieCosplay
AussieCosplay
SensualJade
  • Locked
Experience with Camster?
Replies
3
Views
507
General Cam/Creator Chat
KingMarti
KingMarti
Top Bottom
Back