House Republicans seek to scrap the new $600 tax reporting threshold for PayPal and Venmo payments

House Republicans seek to scrap the new $600 tax reporting threshold for PayPal and Venmo payments

House Republicans’ new tax cut package includes a measure that would slash a $600 tax filing threshold for gig workers and sellers who use payment networks like PayPal or Venmo. The measure aims to stop the attack on the gig economy and Americans by repealing the Democrats’ new rule that the IRS targets gig workers … Read more