If you were paid at least $600 through third-party payment apps, like Venmo or Zelle, you'll now have to report those earnings to the IRS. Full story: https://bit.ly/3VDTWOp #IRS1099 #TaxSeason #IRSReporting | NewsNation
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The start of tax season is around the corner, and filing for 2022 taxes will be different for millions of Americans with the updated 1099-K form. The form was first issued in 2012 as it reports taxable income for goods sold through third-party settlement organizations – a fancy term for apps such as Venmo, PayPal, and CashApp that are used to transfer money. READ MORE: https://www.turnto23.com/news/national/what-you-need-to-know-about-the-updated-1099-k-tax-form | 23ABC Bakersfield
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🚨 1099-K UPDATE ✅ let’s clear the confusion. There has been a LOT of misinformation about the 1099-K, so here’s what you actually need to know 👇🏽 📌 For the 2026 tax season (filing 2025 taxes): ➡️ Payment platforms like Cash App, PayPal, Venmo, Zelle, Stripe, Square, Etsy, etc. are required to issue a 1099-K ONLY IF you meet BOTH of these: ✔️ Over $20,000 in payments for goods or services ✔️ 200 or more transactions for the year 👉 It is NOT $600 👉 It is NOT $2,500 The IRS reverted back to t
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