The threshold is currently set to drop again in 2025, which means you'd receive a 1099-K during next year's tax season if you have transactions for more than $2,500 this year.

Consider working with a tax professional if you are a company or individual working with 1099-LS and 1099-SB forms. SSA-1099 The SSA-1099 documents Social Security benefits income.

You would have to have pushed above that $5,000 threshold in 2024 to receive a 1099-K for this tax season. Resale platforms such as StubHub, Ticketmaster, Etsy, eBay, ...

1099-K tax rules: What to know if you get paid via Venmo or PayPal A change to the reporting requirements for IRS Form 1099-K will impact millions of taxpayers. Updated Thu, Jan 30 2025.

Learn about the different types of 1099 forms, who receives them, and how to report the income on your tax return. Understand the importance of 1099s for accurate tax filing.

SSA-1099 isn’t necessarily an IRS form but you might need one to do your taxes. The Social Security Administration issues SSA-1099s, which detail your benefits income.

Zelle doesn’t report to the IRS—but that doesn’t mean you’re off the hook. Learn the 2025 rules and how banks may flag your ...

NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 tax deductions as you can take.

Forms W-2s showing employment income. Forms 1099 showing dividends, retirement distributions, unemployment income and more. Forms 1099-INT if you received interest from a bank. Forms 1099-K or ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form.. A 1099 form is used to document income received outside of a permanent salaried job.