Tax Tips for Students Working as Content Creators or Freelancers in 2025

With the rise of platforms like YouTube, Instagram, Fiverr, and Upwork, many students are earning income from creative or freelance work. But most aren’t sure how it affects their taxes.

Whether you're making side income or full-time freelance money, these student tax tips will help you lodge correctly, avoid penalties, and even maximise your refund in 2025.

Who Needs to Lodge a Tax Return? Key Student Tax Tips

If you earned any taxable income, even from digital work, you may need to lodge a tax return. That includes:

• Sponsored Instagram content

• YouTube AdSense revenue

• Freelance gigs on Fiverr or Upwork

• Selling art, photos, or digital products online

What Counts as Income for Student Creators?

Yes, free products, brand deals, affiliate commissions, and paid shoutouts all count. Here are examples of reportable income:

• $100 payment for a social media post

• Free tech product valued at $150

• Commissions from affiliate links

• Payments through PayPal or Stripe

  
  

These must be declared on your tax return under business income if you earn consistently.

Student Tax Tips for Keeping Records

• Always Track Your Earnings and Expenses

Keep a digital or physical record of:

1. Invoices or payment confirmations

2. Screenshots of payouts (from Instagram, YouTube, Fiver, etc.)

3. Bank statements

4. Receipts for deductible expenses

   
   

One of the best student tax tips is using apps like Xero, Wave, or even Google Sheets to track income and costs throughout the year.

What Can You Claim as Tax Deductions as a Student Creator?

• Common Deductible Expenses Include:

1. Laptop, camera, ring light, microphone

2. Editing software or cloud storage

3. Internet & phone bills (percentage based)

4. Website domain and hosting costs

5. Travel expenses if related to paid work

   
   

Remember, you can only claim the portion used for work. Accurate records make these claims valid.

Do You Need an ABN? Student Tax Tips for Freelancers

If you freelance regularly, you may need an ABN (Australian Business Number).ATO requires it for:

• Invoicing clients

• Receiving payments from platforms like Fiverr

• Claiming GST (if over $75K annual turnover)

Not having an ABN could result in higher tax withheld or payment issues.

Common Mistakes Students Make (And How to Avoid Them)

• Ignoring income under $1,000 (it’s still reportable!)

• Thinking “gifts” aren't taxable

• Not registering for an ABN when freelancing long term

• Claiming 100% of your phone or laptop without personal use adjustment

  
  

Following these student tax tips could save you from audits or fines.

Final Student Tax Tips for 2025

If you're working as a creator, freelancer, or gig worker while studying:

• Track all your income and deductions

• Register for an ABN if needed

• Declare everything honestly

• Lodge before the tax return deadline

Need Help Lodging as a Student?

Use our free online tax calculator to estimate your refund even if you're a student content creator or freelancer.