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Make Money or Move On!


Paper Routes and Taxes

How much tax will I have to pay for my paper route? I hear many carriers asking this question. What makes me cringe is the time I hear them ask the question ... TAX TIME!

The best time to plan your tax strategy for your paper route is NOW! Do not wait until you are filling out your taxes next year to wonder how you want to do your taxes related to your paper route. If you wait until next year, you have waited too late and are probably missing a number of items that could have helped you lower your tax bill (or tax burden).

A few tips for reducing your tax bill for your paper route:

How Much Do Paper Routes Pay

I get this question all the time, "How much do paper routes pay?" I hate to reply with, "well, it depends" because potential carriers immediately lose interest. They want a short, sweet, straight to the point answer, but that answer is not available.

First, there are two great articles on this site that point out just about everything there is to know about getting paid for a paper route:

1. The Good, the Bad, and the Ugly -

2. Are Paper Routes Still Profitable -

Paper Routes - The Good, The Bad, and The Ugly

Paper routes sure have changed and the purpose here is to expose the good and bad parts of a modern day paper route.

First, the good.

  • Money - Nothing like making some extra cash! If you are looking for some extra cash, no matter how much it is, a paper route could be perfect for you!
  • Time - Not much time involved with rolling and tossing news papers.
  • People - You get the opportunity to meet a lot of people at 3 in the morning. You will be surprised at what everyone does at their "other" jobs.

Are Paper Routes Still Profitable?

This question has been asked of me quite a few times recently. Some grown ups looking for extra cash and some have been teenagers looking to start their own businesses and break the norm of working at the mall, working in fast food joints, and waiting until you are a certain age before you can get any of the aforementioned jobs.

Well, the answer is "it depends" ... it depends on your situation and many other factors.

zachchiles's picture

Thoughts on being out of work

Thoughts on being out of work -

Paperboy Business Principles

I learned a lot about business as a teen from my paperroute that I held for 11 months. Kids today are missing out since all the newspaper distributors refuse to deal with the unreliable kids of today.

First, I learned about purchasing from a supplier at a lower cost than you will sell to your customer. I purchased the papers at about 14 cents and sold them for 25 cents. Basic math says I make 11 cents but my the money I counted at the end of my first month did not match up with my basic calculations. What was the deal?

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