IRS Reverts 1099-K Reporting to $20,000 Threshold for 2025
The IRS has reverted the Form 1099-K reporting threshold to $20,000 and 200 transactions for the 2025 tax year, reversing a plan to lower the limit.
#IRS#Tax Policy#1099-K
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The IRS has reverted the Form 1099-K reporting threshold to $20,000 and 200 transactions for the 2025 tax year, reversing a plan to lower the limit.