Not all PayPal transactions are tax-exempt ... Initially, the threshold for reporting was set at $20,000 and 200 transactions annually. However, this was reduced to $600 for a single transaction ...

If you’re a freelancer, business owner, or just have a small side hustle, you should know about the new tax requirement this year for electronic payments through Venmo, PayPal, online ...

If you use third-party payment platforms, like PayPal, Venmo or Cash App ... individuals needed to report gross payments exceeding $20,000 and report earnings if they had more than 200 such ...