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Absolutely! First, you should check with your town to find out if you need a permit. Also, be sure to note how many days per year you are allowed to have a garage sale with your state before it's considered a legit business and you will be required to pay taxes.
To make more money on the yard sale, you'll need to properly advertise it so that a large amount of people show up to buy your stuff.
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Wiki User
∙ 12y ago
Wiki User
∙ 9y agoUsually you do not get free stuff at a yard sale. You buy used objects at low prices. Sometimes you can bargain and ask the seller to throw in an extra item free if you're buying something large.
Wiki User
∙ 14y agoIndividuals can't charge others tax. You do need to claim profits on your income tax, though.
Wiki User
∙ 12y agoIf you get more money than you paid for it, yes. If you get less, no.
Wiki User
∙ 8y agoNo you don't because it's a yard sale it's not like a shop for example when you buy a house you have to pay taxes for a house
Wiki User
∙ 10y agoSome cities now do require a yard sale permit.
Wiki User
∙ 15y agoNo just make your own signs
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When do you pay Capital gains taxes on the sale of a business?
When you file your income tax return for the year of the sale.
Does an individual who sells a used car have to pay taxes on the money collected for the sale of the car?
Legally he has to pay income tax on the net profit from the sale. It is income and therefore is taxable.
Which countries don't pay income taxes?
Monaco doesn't pay income taxes
Will you pay taxes on your pension?
Yes could have to pay some income taxes on your pension income.
Does the estate pay taxes?
Estates pay taxes on income and may have to pay inheritance taxes.
What is the amount of income individuals have after they save and pay their taxes?
= the amount of income individuals have after they save and pay their taxes? =
On loss income money do we pay taxes taxes on it?
Generally, if you have NET income after deductions and losses, you pay tax.
What do state income taxes not pay for?
State income taxes don't pay for road repair in other states.
Do big companies have to pay income taxes?
Yes everyone has to pay income taxes no matter what even the president.
Do police officers have to pay taxes?
Yes. They pay income taxes and property taxes and sales taxes.
Do members of the Democratic Party have to pay income taxes?
Everybody has to pay taxes.
Do you have to pay taxes on a home equity line of credit when the house is sold tax-free because it was owner-occupied for more than two years?
If you mean do you have to pay taxes on the proceeds from the sale of a house which had a HELOC on it, the HELOC would be have to be paid off upon sale of the subject property. You wouldn't have to pay taxes on it since it is an expense, not income.
