Our most recent find is Baba Jolie. With only a few months on YouTube, she already has over 120,000 subscribers.
She attracted our attention because, in addition to describing a present we gave a relative at random earlier this year, she also exactly summarized a conversation we had the day before. It frightened us!
She compensates for the fact that she isn’t currently offering any private psychic readings on YouTube with hour-long monthly Tarot readings.
In This Article...
What should the price be for a tarot reading?
Tarot, tea leaf, or palm readings are all available for $35. You can receive a 30-minute reading for $70, and the Tarot reading currently includes a free set of their anniversary Tarot cards. a year plus ago. When trying to recall, I believe the prices were 10 minutes for $35 and 30 minutes for $65.
Tarot readings are they taxable?
Knowing your NAICS Code is the first step to filing your Schedule Cs, or IRS Form 1040, which is the schedule a sole proprietorship, or your small firm that isn’t incorporated as a corporation, submits to record revenue and losses. Any business, regardless of its structure, will be given an NAICS Code.
The IRS and other government organizations use the NAICS Code (North American Industry Classification System) to catalog your company. It is the federal standard for business classification. Psychic services are typically categorized under NAICS Code # 812990. (See this; conduct a search for “ESP (Psi services.) I would anticipate that the majority of tarot experts, particularly those who advertise their services as psychic, would use NAICS #812990 ” (also titled “All other personal services).
Both “All other professional services,” NAICS Code # 541990, and “Other personal services,” NAICS Code # 812190, are acceptable categories for your tarot business. Both codes are also applicable to tarot practitioners who provide intuitive, spiritual, or life coaching services or who teach tarot. Since writing makes up the majority of my tarot work and writing is how I am paid for it, I classify as a writer “Individual performer, writer, or artist, NAICS code 711510.
Choose the Code that most accurately describes what you do if your professional tarot business combines some of the aforementioned aspects, as it most likely does.
You require tarot cards to operate a professional tarot business. The good news may be the best ever. Your recent purchases of tarot decks are now deductible as tax-deductible capital expenses. And if you want to run a professional tarot business, you need more than one deck since you need a variety of decks to pick from for each customer and each query. Just keep in mind that the IRS requires exclusivity; for more information on this issue, go here; this means, for instance, that your personal reading decks that you never use for professional readings won’t count.
Tarot readers require tarot reading cloths, incense, candles, crystals, and gemstones (yep, we’re going with that; we require these as part of our professional services; what, you didn’t know that?) So, yeah, all of theseitems are now suddenly tax deductible in order to effectively give our tarot readings. Everything you need to create a private place for your tarot reading “atmosphere as a qualified reader are currently tax deductible. All of your business’s capital expenses, such as stationary, office supplies, computers, website hosting fees, and Internet service providers, are tax deductible.
Again, the main criterion is exclusivity. It’s acceptable if you don’t use your home Internet service provider exclusively for your tarot business; just figure out what proportion of your usage is related to your tarot business. Keep in mind that reading tarot websites, going to tarot forums, and communicating with clients or potential clients via email are all now considered business expenses. Tarot forum visits and blog reading are examples of market research and professional development. So. What proportion of your home Internet access is used for your tarot business, taking all of this into account? 50 percent or so? Yeah? Then you can deduct 50% of your Internet bill from your taxes.
As a tarot reader, I’m presuming you now have a home office or other area in your home where you conduct business. Home office usage is tax deductible. On how to calculate it precisely, you should speak with a tax expert, but these are the fundamentals. There are two approaches: the usual approach and the streamlined approach.
As of this writing, the simplest option is to deduct up to 300 square feet of your home at a rate of $5.00 per square foot. Consider that your 300 square feet of home are dedicated to your professional tarot practice. You can claim $1,500 in tax-deductible expenses each year. If you only use 150 square feet, the cost is $750.
The standard procedure is to compute the dollar cost of that based on the actual expenses of your home, which you must be able to demonstrate with records, and to establish the percentage (percent) of your home that is used.
Let’s say your lease agreement and rental payments are proof that you are paying $2,000.00 in rent each month for 1,200 square feet of living space. Say you use 150 square feet of the 1,200 square feet for your tarot readings and other professional tarot services. This is the desk area where you conduct your Skype readings, arrange your playing cards, write most of your tarot blog posts (which is a component of your marketing and branding efforts), etc.
Therefore, you’re using 12.5% of your rental property to provide business tarot readings. $250 is 12.5% of your rental fee. Oh, and by the way, these are all offered solely as examples. My math is awful. I could have made a huge calculation error. Please only make the major point of this.
You are free to choose between the standard approach and the streamlined way, according to the IRS. Do the arithmetic for both approaches using your particular business scenario, and then choose the one that will benefit you the best.
Keep in mind that in order to claim a deduction for home office use, the space in question must be used solely for business purposes. It is not valid if not. So you can’t utilize your family room, for instance, especially if your family is using it. The only exception to this rule is if you use that area of your house for storage or business purposes. For instance, you might keep all the equipment necessary for your tarot reading services there, along with your deck of tarot cards. Tax deductions apply to that. See here for further details.
Every time you drive around town for tarot-related services or professional engagements, you should be keeping track of your mileage. The mileage accumulated for traveling to and from tarot classes contributes toward continuing education requirements for tarot professionals. Of course, traveling to and from tarot readings counts. Start keeping track of your mileage while you drive to and from restaurants, pubs, and other locations where you’ll be doing tarot readings to the public. Driving to and from tarot conferences, psychic fairs, and other expert tarot reading events all counts. Parking fees and most other travel expenditures are tax deductible (since you are now a professional tarot reader, you can now deduct hotel stays and plane tickets for attending tarot-related events).
You multiply the miles by 56 cents per mile when it comes to mileage (at least as of this writing; note that the dollar amount changes year to year). This means that if I drove 250 miles to and from a psychic fair where I was providing tarot services, I would be able to deduct $140 from my taxable business expenditures. You should keep a log of your business mileage in your car’s glove box. I’ve got a free download of a sample log table here (you can find it under the Tarot Worksheet Downloads tab on this website).
This is also enjoyable. Entertainment costs that you pay for in the regular course of operating your tarot business are deductible. Most businesspeople and professionals must occasionally entertain clients and potential clients, thus those costs are deductible as entertainment expenses. For tarot professionals, entertainment costs can include a luncheon with a colleague, mentor, or mentee. It might be a gathering of all the local tarot readers at a classy eatery.
Just keep in mind that the cost of the entertainment must be reasonable and that it must be something that the majority of tarot readers would do as part of growing and maintaining their tarot business. There must have been significant conversation about tarot and tarot business at that gathering, and it must be directly relevant to your professional work as a tarot reader. But, seriously. Most tarot readers will find these requirements to be easy to follow.
Remember that all of the expenses you incur for tarot conferences, psychic fairs, tarot professional association dues and other related membership fees, tarot classes, purchasing tarot books (to further your tarot education), and other educational books you purchase to develop your tarot business are tax deductible professional expenses.
Keeping a ton of records is crucial. Save all receipts going forward that have anything to do with your work as a tarot professional. I maintain my data in file folders and a filing cabinet, but I’ve seen small enterprises get by with little more than a shoebox. Whatever functions. To be able to prove every item you’ve claimed as a business expense is the goal. Observe contracts, billing statements, canceled checks, invoices, and receipts.
Keep flyers or well recorded information on the who, what, where, when, and why of a specific expense as a last resort. That is usually appropriate as well. Additionally, if the expense is less than $75, you won’t typically be arrested for lack of documentation.
These tax-deductible company expenses play a big role in explaining how and why so many of these large firms that you hear about and who are supposedly making tons of money lawfully pay no taxes. Even though the majority of tarot professionals won’t be working on that scale, knowing these fundamentals will still be quite helpful.
Who developed tarot cards?
Things become a little mystical around Halloween, when horror movies are playing nonstop on TV and your holiday-loving neighbors’ yards are decorated with grotesque decorations. We decided to explore the background of tarot cards in honor of one of the most enchanted seasons of the year.
Tarot cards were initially just another card game, one that was a lot like the bridge that is played today, despite the fact that we now link them with the occult. Like other decks, the earliest known tarot cards appeared in Europe in the fifteenth century, with the wealthiest households in Italy purchasing the most well-liked sets. It was expensive to commission what was practically dozens of tiny paintings because there was no printing press and only hand-painted cards were available.
These early tarot cards, known as tarocchi in Italian, included suits, trump cards, and even pips, just like any other deck.
While others experimented, the mainstream use of tarot cards for divination didn’t begin until Frenchman Jean-Baptise Alliette produced the first comprehensive book on tarot card reading in the late 1700s. Under the alias Etteilla, he published his own deck along with a user’s manual for the cards. He incorporated ideas about astronomy and the four elements to give each card a purpose. He asserted that he had taken extensive inspiration from the Book of Thoth, a work purportedly penned by Thoth, the Egyptian god of wisdom.
He incorporated ideas about astronomy and the four elements to give each card a purpose.
Etteilla was the first to allocate the cards to a certain sequence and spread, including a front-to-back method that is still in use today. He issued a revised edition of his manual in 1791 when his writings gained popularity, making him the first known professional tarot reader.
The next significant change to tarot cards occurred in 1909. You’ve probably seen the pictures for the Rider-Waite deck, created by publisher William Rider and tarot reader A. E. Waite. The Rider-Waite deck, like Etteilla, came with a written manual explaining how to interpret the cards and what each one meant. When the cards in this deck were arranged together, the intricate scenes presented a narrative. The Rider-Waite Deck was updated and reprinted in the 1970s, along with a new instruction manual by Stephen Kaplan, which led to the most recent tarot card renaissance.
A twin flame reading is what?
Twin flame connections raise a lot of feelings and spiritual experiences, which might raise a lot of questions. Answers to these queries are provided by twin flame tarot readings, enabling you to acquire understanding, recognize any difficulties, and ideally make any necessary adjustments within the relationship.
What does the typical tarot reader earn?
Tarot reading fees can vary. Expect to charge $5 and up for each reading. A select few individuals appear to make up to $250 for each reading.
What you charge depends on your background, reputation, the type of reading you provide, and your delivery style. For instance, email readings are frequently less expensive than in-person or Skype readings.
I began by giving out $5 three-card readings and in a month worked my way up to $20 readings. These were far more intricate and elaborate, and I had established a solid reputation.
People enjoy great discounts. After I stopped providing free readings, I provided services like “readings are two for one if a person books and pays for a buddy. I also provided “I offer complimentary three-card readings to prospective clients as an icebreaker.
How do I launch a Tarot card company?
- Set up a Tarot reading business plan.
- Create a legal entity for your tarot reading business.
- Tax registration for your tarot reading business
- Open a Business Credit Card and Bank Account
- Set up your Tarot reading business’s accounting system.
- Obtain the Required Licenses & Permits for Your Tarot Reading Business
- Purchase Business Insurance Tarot
- Establish your Tarot reading company’s brand.
- Make a website for your tarot reading business.
- Install the business phone system.
Starting a business involves more than just filing the necessary paperwork with the government. This straightforward manual for launching a tarot reading business has been put together by us. These actions will guarantee that your new company is carefully thought out, legally compliant, and registered.
STEP 1: Plan your business
For an entrepreneur to be successful, they must have a clear plan. You can use it to map out your company’s specifics and identify some unknowns. A few crucial subjects to think about are:
- How much will the first and ongoing costs be?
- Who is your intended audience?
- How much are clients allowed to pay?
- What will the name of your company be?
How do you become a tarot card reader?
Instead of reading cards for fun, consider using your intuitive abilities to earn money. All you need is a functional computer or mobile device, solid tarot card reading skills, and a functional internet connection. You are prepared to go if you have mastered these concepts.
Create a tarot reading course
The first method of earning money online is this. If you are knowledgeable enough, you could instruct others on how to read tarot cards. Additionally, you can save money by setting up an online class rather of having to build a real one. Applications like Zoom and other videoconferencing tools can be extremely useful in this situation. For your students to read, you may also add some written content.
Since the profits are high, this strategy has the advantage that it can be a full-time employment. For example, Tatiana Jones of Tatiana Tarot guarantees her students an income of $359 daily after developing their intuition from her bestselling course in 90 days or less. She also teaches novices how to start making $300 and more every day performing tarot readings from the comfort of their homes. That sounds fantastic, doesn’t it? Anyday, I’ll take that!
Do readings online
As a tarot card reader, you may also earn money online using this strategy. You can offer online readings to clients as a service. This method is appropriate for introverted readers because neither you nor your client need to see each other. You would submit an application as a reader to a psychic hotline to conduct readings online, right?
We highly recommend Master Li, a renowned Chinese psychic and expert in tartology, as a fantastic online tarot reader.
Have a blog or YouTube channel about tarot reading
Another way introverted tarot card readers might generate income is by starting a blog or a YouTube channel. It would need to be integrated with their social media account, though. You can link your social media page, where people can learn more about you as a tarot card reading, to your blog or vlog. On your blog and social media accounts, you can respond to inquiries. But the funding is unofficial. Just like any other popular blogger or YouTuber, you’ll start to monetize your blog or vlog with advertisements.
In-person private card reading via video chats
The most typical technique for a tarot reader to make money is to hold sessions with clients and charge them at the end of each one. You can apply this concept without needing to invite your client over to your house (nor you going to their home). Instead, video calls, Zoom meetings, Skype, and other technologies can be used to organize in-person private card reading sessions. If a video conference makes you uncomfortable, you can also communicate by text.
Write and sell books about tarot reading
In current age of digital technology, ebooks are a fantastic source of income. Even now, people read books, especially if the subject matters much to their needs. Write a book about tarot reading if you believe you are capable of doing so. Include information on how to develop intuition, the various kinds of tarot cards, how to interpret them, their history, etc. Even better, you can document your development as a tarot reader so that others might benefit. You can make money by selling the books you’ve written afterward. You may become a reputable tarot reader and a successful writer with this strategy.
Set up an e-commerce store to sell tarot related products
This is an additional method for a tarot reader to earn money online. You can set up an internet store where you can sell tarot-related goods including cards, books, and other things. For people who excel at affiliate marketing or online marketing, this is a highly advised route. SEO tools would need to be used in order to guarantee that the website generates revenue. Additionally, you might profit from website advertisements if the website has a good ranking.
Become a freelance writer for tarot-related articles
Finally, writing articles about tarot for others can earn you money online (kinda like this one). Nowadays, producing articles for blogs, websites, businesses, educational institutions, and other sources earns freelance writers a sizable income. You can use your understanding of tarot to benefit others, improve their understanding of tarot reading, and earn money in the process. You may either sign up for freelance platforms like Upwork or Fiverr to begin started, or you can attempt finding clients on your own.
Conclusion
You must excel at what you do in order to earn money as a tarot card reader. Even if you believe that you are competent enough, you should continue to hone your abilities.
You may develop your intuition and increase your online income by taking one of the many courses available online. Enroll in a course right away to expand your prospects for earning money as a tarot card reader online.