IRS changed 2024 tax reporting threshold for payment apps like Venmo, Cash App
Jan 01, 2024 10:11AM ● By Content Editor
Photo: Tech Daily
By Kelly Jones - KARE 11 News - January 1, 2024
Under the American Rescue Plan of 2021, payment apps like Venmo, PayPal and Cash App were ordered to send 1099-K tax forms to the Internal Revenue Service (IRS) and to people who earned at least $600 via the platforms starting with 2022 taxes.
To read the full story, visit the KARE 11 News site here.
By Kelly Jones - KARE 11 News - January 1, 2024
Under the American Rescue Plan of 2021, payment apps like Venmo, PayPal and Cash App were ordered to send 1099-K tax forms to the Internal Revenue Service (IRS) and to people who earned at least $600 via the platforms starting with 2022 taxes.
To read the full story, visit the KARE 11 News site here.
