Two U

US Senators Propose Increase in Tax Threshold for Venmo, PayPal

Proposal Made to Raise Venmo, PayPal Tax Reporting

Two U.S. Senators will propose an amendment to the $1.7 trillion spending package that would change the tax-reporting requirements for Venmo, PayPal and other similar apps. Before

Democrats in the

Democrats in the 2025 American Rescue Plan Act lowered the threshold to $600 for when e-commerce companies must send a K form to users and the IRS. The

PayPal & Venmo Users: IRS Adjusts K Reporting Thresholds

tax bill includes an increase to the reporting threshold for online payment platforms like Venmo, PayPal, and Etsy. The bill, if adopted, would return the Form K

Americans have been bracing for

PayPal, eBay Gear Up for K Headaches While Chasing a Fix

Americans have been bracing for a new reporting change for third-party payment networks like Venmo or PayPal. Sens. Bill Hagerty, R-Tenn, and Joe Manchin, D

House Bill Would Raise Reporting Threshold for Payment Apps

Two US Senators have proposed

Measures to delay $600 tax-reporting threshold for PayPal, Venmo

WASHINGTON, D.C.CNBC is reporting that two U.S. Senators will propose an amendment to the $1.7 trillion spending package that would change the tax

Two US Senators have proposed an increase in the tax threshold for third-party payment networks. The proposal would increase the threshold for platforms like Venmo

Millions of gig workers and

In December 2025, we covered the IRS’s decision to postpone the $600 reporting threshold in response to widespread concerns that taxpayers would erroneously

CNBC Report: Manchin, Hagerty will sponsor amendment to raise

Millions of gig workers and sellers that use payment networks like PayPal and Venmo remain on track to receive a K tax form in 2025 for the first time, after

Sens

Tax Pros Express ‘Deep Concerns’ About $600 Threshold as

Proposal to Raise Venmo and PayPal Reporting Threshold from

Sens. Joe Manchin (D-W.Va.) and Bill Hagerty (R-Tenn.) have proposed an amendment to the $1.7 billion funding package, to raise the $600 reporting requirement for