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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Back to the original question.

OP, what are you trying to sell and how much money do you think you need to make from Etsy?[/quote]

OP here. I sew and I was considering selling holiday-specific pennant-style signs. (I don't want to get into too much detail here.) This is partially about making money, but also about reigniting some of my creative energy. I've had the same part-time office job for a decade now, and I feel like I need a new challenge, especially as the kids get older. [/quote]

Do you have to pay income taxes from sales generated on Etsy? Do you write off shipping fees as business expenses ?[/quote]

Yes, you must include Etsy income on your taxes.  If you are over your state or federal limits, Etsy will issue you a 1099 in January.

You can deduct expenses on your taxes as a self employed person, but you will also need to pay SS/Med on it, double what your employer withholds since you are self employed and have to pay both the emplorer and the employee portion.

Very likely, the amount you earn your first year will be too little to pay withholding taxes on, but as you earn more you will need to pay quarterly estimated deposits to the federal government or get hit with a penalty.

Etsy charges and pays state sales taxes, but you will still nesd to file for your county of residence, either quarterly or monthly. [/quote]

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