083: Sales Tax on TPT: What Sellers Need to Know (Without the Panic)
Description
Understanding Sales Tax for TPT Sellers
Sales tax for digital products can feel intimidating - but it doesn’t have to be! In this episode, Lindsay breaks down the essentials of sales tax for Teachers Pay Teachers sellers in plain English. You’ll learn when TPT collects sales tax for you, what “nexus” means, the thresholds that might require you to take action, and how to check your own sales reports. Whether you’re a brand-new seller or scaling into the six figures, this conversation will help you feel confident and prepared - without the panic.
In this episode, we’ll discuss:
[0:56 ] Wait… Sales Tax Isn’t the Same as Income Tax?
Let’s clear this up right away - sales tax and income tax are totally different beasts. Lindsay is sticking to sales tax today, but you can listen to a past interview with Emily Bryant if you need the income tax scoop.
[1:54 ] How TPT Has Your Back (Most of the Time)
“Marketplace facilitation” sounds fancy, but it just means TPT is doing the heavy lifting for you - collecting and sending sales tax where it needs to go. New seller? You can probably breathe easy… for now.
[2:59 ] The Mysterious World of Nexus
Nexus is basically the “you’ve sold enough here, now you’ve got homework” point. Lindsay breaks down the $100k sales rule, the 200 transaction rule, and why the numbers aren’t the same everywhere.
[4:01 ] A Free Guide So You Don’t Have to Memorize 50 Rules
You don’t need to be a tax law encyclopedia. Grab Lindsay’s free state-by-state nexus guide and let the chart do the remembering for you.
[5:10 ] How to Check If You’re on a State’s Radar
Log into TPT, tweak a couple settings, pull up your sales report, and boom - you’ll know exactly where you stand. Lindsay walks you through it click-by-click. You can also use TPT’s Tax FAQ page to help answer your questions.
[6:07 ] Hit Nexus? Here’s Your Calm, No-Panic Plan
No need to freak out. You’ll just register for a sales tax permit, maybe file a return, and keep selling. Plus, why you probably won’t owe a penny in back taxes on TPT sales.
[8:21 ] For My Friends Outside the U.S.
Selling into the U.S. from another country? Lindsay touches on VAT and GST, how to check your country’s thresholds, and where to find the info you need without losing your weekend.
Resources Mentioned:
Connect with Lindsay:
- Instagram: @lindsaybowden
- YouTube: Lindsay Bowden YouTube Channel
- Website: www.lindsaybowden.com