🧾 Tax for Resellers

1. Track Everything

Keep receipts for all inventory purchases, supplies, and mileage. No receipt = no deduction.

Apps: Use Stride for mileage, a spreadsheet for inventory costs.

2. Mileage Deduction

2026 Rate: $0.725/mile

Trips to thrift stores, post office, supply runs, and storage units all count. Track every trip with our Mileage Tracker.

3. Home Office

If you have dedicated space for inventory/shipping, deduct that percentage of rent/mortgage.

10% of your home used for business = 10% of housing costs deductible.

4. Quarterly Estimates

If you expect to owe $1,000+ in taxes, pay quarterly estimates to avoid penalties.

Due dates: April 15, June 15, September 15, January 15.