In a move that brought relief to millions of gig workers and casual sellers, the IRS officially delayed enforcement of the controversial $600 reporting threshold for third-party payment platforms. That means platforms like PayPal, Venmo, eBay, and Etsy won’t be required to send you a 1099-K unless you earn over $20,000 and have 200 transactions in 2025. But don’t get too comfortable—just because you won’t get a form doesn’t mean the IRS isn’t paying attention. If you’re earning money on the side, you’re still legally required to report that income, whether or not you receive a 1099.
