The 1099-K Threshold Reset: What the New $20,000 Rule Means for Side Hustlers, Freelancers, and Taxpayers
For millions of Americans juggling secondary income streams—from driving for rideshare apps and freelancing on digital marketplaces to clearing out closets on resale platforms—tax season is about to look significantly less cluttered. Under legislative changes enacted in mid-2025 and reaffirmed by the Internal Revenue Service (IRS), the federal threshold for receiving a Form 1099-K has…
