Reseller Tax Calculator
Estimate your self-employment taxes, quarterly payments, and see how much you'll owe. For informational purposes only - consult a tax professional for advice.
Enter Your Numbers
Income
Gross Sales from Reselling
$
Other Income (W-2, etc.)
$
Deductible Expenses
Cost of Goods Sold (COGS)
$
Platform Fees
$
Shipping Costs
$
Other Business Expenses
$
Net Profit
$11,500
After all deductionsSelf-Employment Tax
$1,625
15.3% (SS + Medicare)Income Tax
$0
10% bracketTotal Tax Owed
$1,625
14.1% effective rateEstimated Quarterly Payments
If you expect to owe $1,000+ in taxes, you should make quarterly estimated payments to avoid penalties.
Q1 (Jan - Mar)
$406
Due April 15Q2 (Apr - May)
$406
Due June 15Q3 (June - Aug)
$406
Due Sept 15Q4 (Sept - Dec)
$406
Due Jan 15Tax Calculation Breakdown
Gross Sales
$25,000
− Total Deductions
−$13,500
Net Profit
$11,500
+ Other Income
$0
− SE Tax Deduction (half)
−$812
− Standard Deduction
−$14,600
Taxable Income
$0
Frequently Asked Questions
Do I have to pay taxes on reselling income?
Yes, reselling income is taxable. If you earn $400 or more in net self-employment income, you must file taxes and pay self-employment tax. Starting in 2024, payment platforms report sales over $600 on Form 1099-K.
What is the self-employment tax rate?
The self-employment tax rate is 15.3%, which covers Social Security (12.4%) and Medicare (2.9%). This is in addition to your regular income tax. However, you can deduct half of your self-employment tax from your adjusted gross income.
What expenses can resellers deduct?
Resellers can deduct cost of goods sold, platform fees, shipping supplies, mileage for sourcing (67 cents/mile in 2024), home office space, packaging materials, inventory storage, and business-related subscriptions like listing software.
When are quarterly taxes due?
Quarterly estimated tax payments are due April 15, June 15, September 15, and January 15 of the following year. Missing payments can result in underpayment penalties.
Track Your Sales Automatically
Voolist tracks all your sales across eBay, Etsy, Shopify, and more in one dashboard. Export reports for tax time.