Most business have always been required to report payments received from payment apps like Venmo, PayPal, and CashApp but the new tax law that went into effect in January requires more people to start reporting. Anyone who receives more than $600 from these apps will be required to report it as income if it falls into certain categories. Read more about the new tax law and what it might mean to you and your taxes by clicking the link below:
Payment Apps Are Starting To Be Taxed – What you need to know
Posted by Emerson Yerian On
