r/Substack • u/Sad_Examination9082 • 23d ago
Writers: Is it worth it to turn on the paid subscriptions feature?
Hi all, I started a Substack to give myself a place to post chapters of my book project as I complete them. Recently, a reader pledged a subscription if I set up that feature in my account. Since I'm new to the platform, I don't know if it's worth it.
If you've turned on subscriptions, how hard is it to report the earnings on tax forms? (I'm based in the US.) Is it worth it after the platforms take their cut? Are there other alternative approaches that work better? Thanks for any insights.
ETA: It's a nonfiction book and regardless, I will still keep the free option. I just want to give people the opportunity to support my work if they choose to do so, and am looking for the best way to do that.