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The massive new tax law brings several tax-law changes for self-employed, freelance and gig workers, including some that should lower their tax bills.
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The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.
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Personal Finance How IRS changes regarding payment apps like PayPal and Venmo could affect you this tax season Payment apps are now required to send payment information to the IRS.
While some experts are expecting this tax season to be less complicated than in recent years, there’s one change that will impact many Americans.
If you're a freelancer, business owner or someone who occasionally makes money on the side, you need to know about the new tax reporting requirement for PayPal, Venmo, Cash App and other third ...
This guide navigates the IRS's 2024 1099-K reporting change for payment apps, detailing thresholds, tax implications for freelancers, and strategies to stay organized.
It’s the second time the tax agency has announced it was delaying the change and was done to “reduce taxpayer confusion,” the IRS said in a statement.