If you earn money through a side hustle, run a small business, or get paid through apps like Venmo, PayPal, or Cash App, or sites like eBay, you’ve probably come across a lot of mixed messages about ...
MyChesCo on MSN
IRS Issues New Guidance on Car Loan Interest, Employee Credits, and 1099-K Thresholds
The Internal Revenue Service released several key updates last week implementing provisions of the One, Big, Beautiful Bill (OBBB), including temporary reporting relief for auto lenders, new ...
If you earn money through a side hustle, run a small business, or get paid through apps like Venmo, PayPal, or Cash App, or sites like eBay, you’ve probably come across a lot of mixed messages about ...
The Southern Maryland Chronicle on MSN
IRS Eases 1099-K Rules with $20K Limit
The Internal Revenue Service issued updated frequently asked questions on Form 1099-K on Oct. 23, 2025, clarifying reporting requirements for third-party payment networks under the One, Big, Beautiful ...
Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards. The IRS has issued FAQs to explain when you might get one.
The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...
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