Plain-language notes on U.S. tax deadlines, IRS letters, cross-border reporting and running a small business, written by the CPAs who handle these questions every day.
Etsy doesn't withhold income tax. If you expect to owe $1,000 or more in federal tax, pay quarterly; the last 2026 payment is due January 15, 2027, and net profit also carries 15.3% SE tax. Materials and inventory go through cost of goods sold; Etsy fees, labels, tools up to $2,500 and a home office are deductible. Count inventory at year end.
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The Supreme Court ruled on February 20, 2026 that IEEPA does not authorize tariffs, and from April 20 CBP has processed refunds through the CAPE function in ACE, open only to the importer of record or its filing broker. Book refunds by where the goods went: reduce inventory for goods still on hand; for goods already sold, generally income or a COGS reduction in the refund year; interest is interest income.
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Articles are general information, not tax or legal advice for your specific situation.
