New changes to tax regulations mean that more users of popular payment apps like PayPal and Venmo could be required to ...

Payment platform reporting tops Americans' tax concerns in 2025. Learn how changing IRS thresholds for platforms like Venmo ...

It was postponed, however, for a few years and then only partially implemented for tax years 2024 and 2025, when payment apps only had to report a person’s business transactions if they were ...

GOP megabill looks set to end the $600 tax-reporting rule for Venmo, PayPal payments One supporter of a lower threshold for 1099-K tax forms says the issue could come back in the future due to the ...

Finally, for the 2024 tax year, the IRS required that platforms - such as PayPal (PYPL) or its sister business Venmo - send out 1099-K forms reporting income if payments reached $5,000.