Systems and methods for identifying power tool accessories. Power tools described herein include a power tool housing including an interface. The interface is configured to receive an accessory. The accessory includes an identifier. The power also includes a motor and an electronic processor connected to the motor and a memory. The electronic processor is configured to detect insertion of the accessory into the interface and determine, when the accessory is inserted into the interface, an accessory type of the accessory based on the identifier. The electronic processor is configured to select operating parameters for the motor based on the accessory type.