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You Could Owe Taxes This Year if You're Paid Through Venmo, PayPal or Cash App. Here's Why

Here's everything you should know ... may have received a 1099-K tax form before. For your 2024 taxes (which you'll file in 2025), the IRS is planning a phased rollout, requiring payment apps ... Read More
If You Received This Amount Via Cash App or Venmo Last Year You Must Tell the IRS

The IRS has established some reporting rules for income that's received on P2P payment platforms such as Venmo including thresholds at which you must report. Read More
1099-K tax rules: What to know if you get paid via Venmo or PayPal

If you’re a freelancer or have your own business and get paid through a third-party app ... IRS does. Keep in mind that the system isn’t perfect: You may still be sent a 1099-K for money ... Read More
Where's my tax refund? There's an app for that. Here's what to know.

Those looking to keep an eye on their money can log in online or via the IRS2Go mobile app ... IRS began accepting filings on Monday. Most people have until the middle of April to submit their taxes, ... Read More
How IRS changes regarding payment apps like PayPal and Venmo could affect you this tax season

MINNEAPOLIS — The 2025 tax filing season has officially begun. Americans can now file their 2024 tax returns to the IRS, and CPA Scott Kadrlik, who works with DSB Rock Island, says the 2025 tax ... Read More
The IRS wants to know how much money you’re making online. They even have a new tax form for it

This form is to report payments received on money transfer apps, online marketplaces ... any income should be reported. Here’s what you need to know about the 1099-K Why is Form 1099-K being ... Read More
You Could Owe Taxes This Year if You're Paid Through Venmo, PayPal or Cash App. Here's Why
If you earn income through payment apps, it's a good idea to set up separate PayPal, Cash App or Venmo accounts for your professional transactions. This could prevent nontaxable charges -- money sent ... Read More
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