09/01/2025
🚨 TAX UPDATE: 1099-K RULES HAVE CHANGED! 🚨
A lot of folks were stressed about the $600 rule… but here’s the truth ⬇️
👉 Congress just rolled back the IRS plan and brought back the old threshold.
📌 That means you’ll only get a 1099-K if BOTH apply:
$20,000+ in payments AND
200+ transactions
💡 No more $600 reporting limit!
⚠️ BUT—don’t get it twisted. You still have to report all taxable income (even without a 1099-K). And if you don’t give your payment platforms your tax ID, they can withhold 24% of your money!
✅ Keep records.
✅ Report correctly.
✅ Stay ready for tax season.
📊 Taxes change constantly. This is why having a professional in your corner matters!