According to the IRS, for 2024, businesses and workers are required to report income of $5,000 or more from these apps. In ...

According to McKinsey’s 2024 State of Consumer Digital Payments report, 92% of U.S. consumers made some form of digital payment over the past year ... it's not considered income and it's not taxable.

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is ...