# The new 1099-K tax rule brings relief for small sellers and gig workers using apps like PayPal, Venmo, and Cash App.

*fintech · news · 2026-04-08 · The Economic Times*

## Key points

- A new law passed on July 4, 2025, restores the higher 1099-K reporting threshold.
- For 2025, you will only receive a 1099-K if you earn over $20,000 and have 200+ transactions.
- The IRS had previously planned a $600 threshold, but this has been reversed for 2025.
- Payment platforms may report gross amounts on 1099-K forms without deducting fees or refunds.

**Companies:** Etsy, StubHub, eBay, Airbnb
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/irs-1099-k-rule-change-higher-20000-limit-brings-relief-for-gig-workers-and-online-sellers/articleshow/130123766.cms)

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