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AxiomVerge's profile
Tom Happ
Tom Happ
Tom Happ
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@AxiomVerge

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Tom HappVerified account

@AxiomVerge

Maker of Axiom Verge, husband to @WastedFashion, dad. He/Him. AV2 is coming to Switch and EGS in 2021! http://axiomverge2.com  Get AV1 on consoles+PC now!

West Hills, CA
axiomverge2.com
Joined January 2009

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    1. julia‏ @Khaljiit 7 Jan 2018

      Twitch / Youtube partners who have a lot of tax deductions can you please DM me, I have some questions on tax deductions for streaming (this is my first year streaming, I know my taxes will hurt) Is it wise to spend a decent amount on tax deductible items before tax season?

      6 replies 2 retweets 25 likes
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    2. julia‏ @Khaljiit 7 Jan 2018

      Basically, without deductions I will be spending a lot on taxes, if something is tax deductible does it 100% get taken out of your taxes? Lets say I owe 10,000 in taxes, if I buy a 1,500 PC and a $500 camera for streaming upgrades, are my taxes I need to pay now $8,000? Or no?

      7 replies 2 retweets 12 likes
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    3. Nikki Smith‏ @Quorraa 7 Jan 2018
      Replying to @Khaljiit

      No. Deductions are not 100%. Just a portion. Biggest recommendation is to always save 30% of your income along with deductions.

      1 reply 0 retweets 0 likes
    4. julia‏ @Khaljiit 7 Jan 2018
      Replying to @Quorraa

      Yeah I saved 50% of all my earnings from all income sources, but I just wanted to know if I should spend a chunk of that on upgrades / tax deductible things - Do you know about what % is a write off?

      2 replies 0 retweets 2 likes
      Tom Happ‏Verified account @AxiomVerge 7 Jan 2018
      Replying to @Khaljiit @Quorraa

      It usually makes sense if you knew you needed something anyway... an important software or hardware or upgrade to your studio. But if you buy stuff just to get a discount you will end up with junk you don't need.

      7:05 PM - 7 Jan 2018
      0 replies 0 retweets 0 likes

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