Gig workers around the country just got a major win. The IRS just rolled back one of the most controversial tax rules affecting gig workers. This will change how millions of freelancers, side hustlers, and self-employed individuals get paid. Under the newly signed One Big Beautiful Bill Act, the IRS has reversed the $600 reporting threshold for Form 1099-K, restoring the previous standard of $20,000 in payments and 200 transactions per year. Learn what this means for your tax season and how your tax documents may be affected.
