FYI: The new $600 IRS reporting threshold for online payment processing platforms (including Etsy) has been delayed by one year.
Making to Sell Handmade Business Basics | Taxes & Bookkeeping
Are you considering using your artistic talents to make and sell handmade items?
New IRS $600 Reporting Rule | More Taxes on Small Business & Side Hustles?
No, the actual IRS tax law has not changed, only the IRS reporting requirements for online payment platforms.
Selling on Etsy in 2022: What You NEED to Know About IRS Tax Change
With millions of crafters running small businesses on handmade online marketplace Etsy, many in the U.S. could be affected by an IRS change in reporting income.