As a Catholic I have always celebrated the Epiphany but I haven’t met many Protestants IRL (they are rare beasts here in Southern Europe) so I’m left wondering. Do Protestants celebrate the Epiphany?

Some more info on the Epiphany. Here in Italy, even more so than the Christian Three Kings holiday, the Epiphany is looked forward by kids because of the “Befana”. This is a figure from the Italian folklore similar to Father Christmas / Santa Claus. She is portrayed as an elderly lady who will visit the homes of Italian kids between the night of Jan 5th and Jan 6th. Chidren will have to leave a sock hanging somewhere around the home. If they’ve been good the Befana will fill that sock with candy, dried fruits and nuts. Otherwise, if they’ve been bad, it will leave them either coal or garlic (depending on the regions).
This isn’t celebrated as an alternative to Christmas but rather as a “Christmas lite”. While for Christmas kids are likely to receive toys or clothing, the Befana will only bring you food.

Traditionally, she has the aspect of a poor elderly lady, with few teeths, wears old and ragged clothes and skirt and often has a cold (cause it’s cold at night in January and her clothes can’t protect her well from it). Traditionally she is mean and bothered by adults but will show her kind soul to kids.
Most importantly, she always carries a broom with her and moves around by flying on it. Kinda similar to witches, but there are some important iconogaphical differences that help you clearly distinguish an image of a witch from that of the Befana.

Apparently this used to be a Pagan tradition even older than the Roman republic. The Romans assimilated it within their religion and kept it alive. The Church at first opposed it but then became indifferent to it. But the reason why it’s still celebrated to this day is because of Mussolini who, during the Fascist Era rebranded it as “Fascist Christmas”, a non-religious state holiday opposed to the real Christian Christmas.