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.
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.
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.
How soon can you file your 2024 income-tax return? Here’s your 2025 tax-season road map.
Tax deadline 2024: When is the last day you can file taxes in 2025?
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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 ...
When does the IRS start accepting tax returns for 2025?
Get your forms together, it's tax season. So when will the IRS start accepting returns? What is the filing deadline in Ohio?
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If You Made Money via PayPal, Venmo or Cash App in 2024, Get Ready for This IRS Tax Change
Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...
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Key updates for 2025 tax season: What’s changing this year?
Tax season begins late January, with April 15 set as the federal deadline. Notable changes include a new 1099-K form for ...
New IRS Update Requires Form 1099-K For Payments Of $5K+ Received Through Cash App Or PayPal
The IRS is now requiring freelancers to report payments of $5,000 and up received via third-party apps like CashApp, PayPal, ...
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Heads up if you’re a freelancer or small business owner: The IRS may need something new from you
The original rule required a third-party platform to send you a 1099-K if you had more than 200 business transactions in a given year on the platform, and only if those transactions combined added ...
Tax Breaks: The Wild End To 2024 That Could Shake Up The 2025 Tax Season Edition
Forms 1099, Volunteer Income Tax Assistance (VITA) programs, Form 1099-K relief, deducting taxes, tax filing deadlines, and ...
Understanding IRS' 1099- K: When, Where And Who Will File This Form?
IRS has released updates on 2025 tax return filing and key updates about a new form called 1099-K: here are all the updates ...