The deadline to file federal income tax returns and extensions to the Internal Revenue Service is Tuesday for most of the ...

For example, if a person earned $3,000 through PayPal and $2,600 through Venmo, they made a total of $5,600 in taxable income ...

According to the IRS, for 2024, businesses and workers are required to report income of $5,000 or more from these apps. In ...

Generally, personal transactions on Venmo don't trigger tax obligations. Yet, when it comes to business dealings, the rules ...

If you earn income through platforms like Venmo, CashApp ... small business owners to consult with a tax professional.

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 ...

There are different rules and reporting requirements depending ... people to pay one another via services like PayPal and Venmo, an IRS reporting requirement could cause complications.