1099 Threshold For 2025 . 1099Nec Threshold 2025 Claire Berenice By Michael Cohn The Internal Revenue Service extended its transition relief for the new Form 1099-K information reporting threshold, setting it at $5,000 for 2024 and $2,500 in 2025 before reaching the statutory level of $600 in 2026 and thereafter What can you do now to prepare? Receiving payments that are not business related?
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The 1099-K reporting threshold was supposed to drop to $600 for 2023, but the change was delayed By Michael Cohn The Internal Revenue Service extended its transition relief for the new Form 1099-K information reporting threshold, setting it at $5,000 for 2024 and $2,500 in 2025 before reaching the statutory level of $600 in 2026 and thereafter
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