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Kiplinger
Kiplinger
Business
Kate Schubel

1099-K Reporting Changes Proposed for 2025

IRS PayPal eBay Venmo
Wooden blocks leaning against red letter blocks spelling "risk".

Millions of Americans receive 1099-Ks from third-party payment platforms like PayPal, Venmo, Stripe, and more every year. But for the 2025 tax year, that number is expected to soar.

The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000, plummeting each year until $600.

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