Whew! What a list! Hopefully, you have a better idea of what tax deductions you can take as an Etsy seller! The IRS says you can take a tax deduction for expenses that are reasonable and necessary. Heavy duty tape and dispenser for packaging boxes Fees and expenses to register your trademarkĩ9. Payments to affiliates of your productsĩ8. The monthly fee for Etsy Plus or Etsy Premiumĩ7. Payroll processing if you are an S Corp.ĩ4. TaxJar) extremely helpful with all the sales tax changesĩ3. Social Media manager virtual assistantĨ8. Education or training for virtual assistantsħ6. At the end of your offer term, your subscription will be automatically billed at the standard subscription rate, currently at US29.99 /mo (plus applicable taxes), unless you elect to. Microphone for business projects ( this is the one I use, good but cheap)ħ1. Eligible students 13 and older and teachers can purchase an annual membership to Adobe Creative Cloud for a reduced price of US19.99 /mo for the first year. Interest on a business credit card or business loanĦ9. Donations to charity (deducted on your personal taxes, but money can come from business accounts)Ħ5. Miles, you drove in your personal car that was for a business purposeĦ0. Home office tax deduction (where you make your products or store your inventory)ĥ9. Monthly fee to have your own online shop (ex. Photo editing software for Etsy imagesĥ4. Materials for new product experimentationĥ3. Ingredients for food for a specialty food Esty shopĥ1. Appointment and client meetings scheduling tool (ex. Google apps subscription to get a custom emailĤ6. Half sticker sheets for printing postage labelsĤ5. Blank note cards to include a handwritten thank you note in each packageĤ1. Book to help you understand how to file your Etsy business taxesĤ0. Postal scale to weigh your packages prior to shipmentģ8. Picmonkey to design your own pins and printablesģ2. Cost of wholesale supplies purchased in bulk for resaleģ1. Price paid for vintage items at garage and estate sales (keep a log!)ģ0. The yearly cost of domain name purchase and registration (ex. Online program for filing your taxes at year-endĢ6. Course to teach you how to do your own Etsy shop bookkeepingĢ5. Online accounting program monthly fee (my recommendation- QuickBooks)Ģ2. The portion of camera purchase related to your business (good product photographs are so important!)Ģ1. The portion of computer purchase expense related to your businessĢ0. The portion of internet expense related to your businessġ9. The portion of cell phone expense related to your businessġ8. 50% of the cost of meals at a conferenceġ7. Travel costs to a conference or craft showġ4. Coaching fees to help you grow your businessġ3. Online courses to help you grow your businessġ2. Printer paper and ink (use Quillfor good prices and coupons!)ġ0. Virtual assistant for general help ( my VA is great!)ĩ. Adobe creative cloud for tools such as PhotoshopĦ. Email service provider subscription fee (ex. This post is meant for general informational purposes only, and should not be taken as legal, tax, or accounting advice.Ģ. This post contains affiliate links, see my disclosure here. Whether you sell handmade products, craft supplies, or vintage lovelies, we have got you covered! Here are 101 tax deductions to get you started! There are at least 101 tax deductions for Etsy sellers! Don’t miss out on a single tax deduction for your Etsy shop business.
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