Deductions as a Teacher on Outschool

StmckMnky · ‎April 5, 2022

I'm a teacher on Outschool. I have two questions:

1. I offer coupon codes and refunds all the time to market my business in Facebook groups. Can I deduct the amount of the coupons redeemed from my taxes?

2. Outschool takes 30% of all my earnings in fees. Can I deduct the 30% fees from my taxes?

Thanks!

MinhT1 · ‎April 5, 2022

1. As a self-employer teacher, you can deduct the redeemed coupons as a business expense under Advertising

2. Fees charged by Outschool are deductible if they pay the gross revenue and you pay them 30% fees.

If they deduct the fees and pay you the net amount, then you report the amount received and do not deduct the fees.

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View solution in original post

MinhT1 · ‎April 5, 2022

1. As a self-employer teacher, you can deduct the redeemed coupons as a business expense under Advertising

2. Fees charged by Outschool are deductible if they pay the gross revenue and you pay them 30% fees.

If they deduct the fees and pay you the net amount, then you report the amount received and do not deduct the fees.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Deductions as a Teacher on Outschool