2024 tax season: When to file, 1099-K reporting other things to know
The IRS will begin processing 2024 tax returns sometime during late January 2025. The last day you can file your 2024 taxes without requesting an extension is Tuesday, April 15, 2025. Gig workers who earned more than $5,000 in payments in 2024 will receive a Form 1099-K PDF in January 2025. Another tax filing season is upon us.
1099-K Reporting Change for the 2025 Tax Season
The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600. As Kiplinger has reported, the new IRS 1099-K reporting change was supposed to go into effect two years ago.
How to get ready for the 2025 tax-filing season
With the turn of the calendar, taxpayers should be preparing to file their 2024 tax returns. The Internal Revenue Service (IRS) has come up with a few ways
When does tax filing season start? What you need to know ahead of the 2025 tax season
With a new year here, that means a new tax filing season is just around the corner. Here is what you need to know.
How soon can you file your 2024 income-tax return? Here’s your 2025 tax-season road map.
When are W2 sent out? What to know about tax season in NJ, Delaware, Pa
Now that your resolutions are taken care of, it’s time to focus on the next big new-year hurdle: tax season But, before you can start spending that refund deposit, or writing a check to the IRS, you need to get your tax documents in order.
Tax deadline 2024: When is the last day you can file taxes in 2025?
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If You Made Money via PayPal, Venmo or Cash App in 2024, Get Ready for This IRS Tax Change
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As a result of this delay, TPSOs will not be required to report the tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the ...
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IRS Issues Advice to Millions of Taxpayers: 'Get Ready'
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Etsy, eBay, PayPal Want IRS 1099-K Relief for Online Sellers
Online shopping sites like Etsy, and eBay, and payment network PayPal, among other companies want Congress to change the new $600 reporting threshold for IRS Form 1099-K. The rule, which won't ...
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More people could see a 1099-K tax form show up this tax season
The 1099-K form is a requirement for companies like ‘Venmo’ and ‘Etsy.’ It’s a law change that those with online businesses ...