If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...

A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $5,000.

TROY, Mich. (WXYZ) — I've been following an identity theft dilemma with a tax season twist. It all started with an Oxford ...

Now that tax season is here, it's possible you'll receive a 1099-K for money that isn't income. For example, if your roommate pays you $1,000 a month via Venmo for rent, it's possible Venmo would ...

For example, freelancers ... you’ll receive a 1099-INT. 1099-K: If you received $5,000 or more of business income or payments for goods and services via credit card or a third-party payment ...

But in 2025, that number is expected to soar. 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.

If you receive a 1099-K this year, make sure you don't accidentally double-report your income. For some gig workers, freelancers and small business owners, a new kind of IRS form may have arrived ...