PAYMENT APPS & TAXES
The $600 rule is gone
Photo: Richard Tanzer / VeroPay, CC BY-SA 3.0
Threshold
In payments
And more than 200 transactions.
Photo: Richard Tanzer / VeroPay, CC BY-SA 3.0
Both
To get a form
Under 200 sales means no 1099-K.
Photo: Richard Tanzer / VeroPay, CC BY-SA 3.0
Old rule
Repealed
The 2025 law restored $20,000.
Photo: Richard Tanzer / VeroPay, CC BY-SA 3.0
Still taxable
Side income
Report it even without a form.
Photo: Richard Tanzer / VeroPay, CC BY-SA 3.0
Personal sales
Not taxable
Selling used items for less.
Photo: Richard Tanzer / VeroPay, CC BY-SA 3.0
Freelance
1099-NEC
New threshold for 2026 payments.
Photo: Richard Tanzer / VeroPay, CC BY-SA 3.0
Self-employed
SE tax
On net earnings of $400+.
Photo: Richard Tanzer / VeroPay, CC BY-SA 3.0
Forms arrive
2027
Check every app you use.
Photo: Richard Tanzer / VeroPay, CC BY-SA 3.0
Know what to report
Read the guide
nexgenheadlines.com
Photo: Richard Tanzer / VeroPay, CC BY-SA 3.0