OnlyFans Tax Calculator

OnlyFans retains 20% of your earnings as a platform fee — well-documented and consistent across current guidance. Your 1099-NEC reports the full gross amount subscribers paid, not the 80% that actually landed in your account. That 20% fee is a fully deductible business expense, and it's one of the largest deductions most creators have — confusing gross 1099 income with actual take-home pay is the single most common overpayment mistake in this line of work.

The 2026 threshold change

The 1099-NEC reporting threshold increased from $600 to $2,000 for the 2026 tax year under the One Big Beautiful Bill Act. If your gross earnings were under $2,000, OnlyFans may not send you a 1099 at all — but that has no bearing on whether the income is taxable. All self-employment income is reportable from the first dollar, regardless of whether a form ever arrives.

What's actually deductible — and what isn't

Deductions here look different from a driving-based gig: there's no mileage to track. Instead, the relevant categories are things directly tied to producing and running the business:

• Equipment — cameras, lighting, computers, and other gear used to produce content.
• Software and subscriptions — editing tools, scheduling apps, and similar recurring costs.
• A home studio or office space — if a specific area of your home is used regularly and exclusively for this work, it may qualify for the home office deduction.
• Internet and phone — the business-use percentage only.
• Marketing and promotion costs, and any professional services (an editor or photographer you pay, for instance).

Two deductions creators commonly miss

Deduction	Why it matters
Self-employed health insurance premiums	100% deductible as an above-the-line adjustment — no itemizing required
SEP-IRA contributions	Up to roughly $69,000 for 2026 — reduces taxable income while building retirement savings

For creators consistently netting six figures, it's also worth having a real conversation with a CPA about S-corp election — the tax savings can be meaningful, but the break-even point is typically higher than people assume, and the added payroll and compliance overhead needs to actually pencil out. Our S Corp Tax Calculator can help run that comparison directly.

Self-employment tax mechanics, the 2026 1099-NEC threshold change, and the 20% platform fee figure verified across multiple independent 2026 creator tax guides showing consistent detail. This is a planning estimate — a tax professional can refine your specific numbers, especially around home office eligibility and S-corp timing.