Is there some information you can provide me about selling personal household goods? [View all]
As a very senior, I find myself in a position that is making me sick! At 83 and living on only S.S, I can't keep up with the cost of everything. My house taxes and insurances are thru the roof.
I want to sell some things on local Facebook pages but not sure how much I can sell before I am taxed.
I read some time ago that the limit for 2026 is $600. Is this correct?
This would be household goods and I have no receipts for any of it.
Just a few pieces of furniture would bring me over that, the small stuff not so much.
I googled for the info but the info I found was mostly directed to those who sell for a business.
Lots of "like new" kitchen appliances, extra lamps, new towel sets and household stuff that would bring little $ but could add up. I have a few antiques that could bring the whole thing over $600.
I want to do it right but I feel that the figure is low, especially for us old timers who are trying to downsize and generate a little money.
Any guidance would be appreciated.