{"slug":"poshmark","name":"Poshmark","category":"selling","workerTerm":"sellers (Poshers)","classification":"Sellers aren't hired by Poshmark: its terms say buyers and sellers contract directly and Poshmark is not a party to the sale. Tax-wise, a seller is either a casual seller of personal items or a self-employed reseller.","taxForms":"Poshmark issues Form 1099-K to sellers with more than $20,000 in gross sales and more than 200 transactions (the federal threshold reinstated for 2025 and in effect for 2026), and also to sellers who meet a lower threshold in the state where they live; for 2025 those were Arkansas $2,500, New Jersey $1,000, Illinois $1,000 and 4 transactions, and D.C., Massachusetts, Maryland, Mississippi, Virginia and Vermont $600.","platformFees":"A flat $2.95 commission on sales under $15 and 20% on sales of $15 or more. Since October 1, 2025, sellers located in Texas also have a Texas Seller Fee Tax deducted from earnings.","payouts":"Earnings are released to your Poshmark balance when the buyer accepts the item, or automatically within 3 days of delivery. You can redeem by free direct deposit (2-3 business days), Instant Transfer to your bank ($2, 30 minutes or less), PayPal or Venmo ($0.35 each, 30 minutes or less), or a free mailed check (about 2 weeks).","deductions":["Poshmark's $2.95 or 20% commission on each sale","Shipping costs you cover for buyers","Instant Transfer, PayPal and Venmo redemption fees","Cost of goods sold for clothing and items bought to resell","Packing supplies, photo gear and listing tools","Mileage for sourcing trips (72.5 cents per mile Jan-Jun 2026, 76 cents per mile from July 1, 2026)"],"watchOuts":["Your 1099-K reports gross sales before cancellations, refunds and Poshmark's commission, so it will be higher than what you redeemed.","Secondhand items sold for less than you paid aren't taxable income, so keep records of what you originally paid to back out those sales.","Poshmark collects and remits sales tax on top of the buyer's price; it isn't taken from your earnings and isn't your income.","Several states have lower 1099-K thresholds than the federal rule, and the state list can change from year to year."],"competitors":["mercari","depop","thredup","ebay","vinted"],"sources":["https://support.poshmark.com/s/article/tax-Form-1099-K-why-am-I-receiving-one?language=en_US","https://support.poshmark.com/s/article/297755057?language=en_US","https://support.poshmark.com/s/article/What-does-sales-tax-mean-for-me?language=en_US","https://support.poshmark.com/s/article/redemption-options?language=en_US","https://poshmark.com/terms","https://www.irs.gov/businesses/what-to-do-with-form-1099-k","https://www.irs.gov/instructions/i1099k","https://www.irs.gov/newsroom/irs-issues-faqs-on-form-1099-k-threshold-under-the-one-big-beautiful-bill-dollar-limit-reverts-to-20000","https://support.poshmark.com/s/article/773838096?language=en_US","https://www.irs.gov/tax-professionals/standard-mileage-rates","https://www.irs.gov/irb/2026-29_irb"],"asOf":"2026-10-07","url":"https://gigaverse.ai/platforms/poshmark","affiliated":false}