Paying Tax on Writing Income
Do you have to pay tax on writing income earned on sites like Persona Paper?
However you earn money, it's income - and tax could be due to be paid on that income. As the writer it's your responsibility to check out the rules to find if you need to pay tax and how much tax you need to pay. As everybody's situation is different, there's no straight forward answer to the question of "Do I have to pay tax on my income from Persona Paper" (or any other writing site). The answer is: it is income and will be taxed as income.
Many people think it is "free money", not to be taxed - if it is your only income then you might not reach the threshold at which you pay tax, but that doesn't mean it's free money, it's just money that you personally don't have to pay tax on - but somebody else's situation will be different and they might have to pay tax on it.
So make sure you know your tax situation and whether you should be paying tax on your own income from writing on sites like Persona Paper, Hubpages, Bubblews, or any one of the other 100 similar sites. Anything from which you derive an income is potentially taxable and there's no escape!
Image Credit » Image by Author: Photo of my money, taken with my camera.