Tax breaks in the megabill, like no taxes on tips and overtime, only apply to people at certain income levels.

The One Big Beautiful Bill creates and/or modifies a number of tax rules that impact taxation of business income, including ...

Though, unfortunately, the world we live in is laden with scammers looking to take advantage of vulnerable people, knowing ...

Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

Then in 2020, the IRS introduced Form 1099-NEC (non-employee compensation). You’ll issue Form 1099-NEC if you paid any non-employee $600 or more to perform services for your business.

According to the IRS, money received from friends and family as a gift or repayment for a personal expense should not be reported on a Form 1099-K. The payments aren't taxable.

Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS.

There Are 22 Types of 1099 Tax Forms. Here's How to Know Which Ones You'll Get Not sure what an IRS 1099 tax form is? Don't worry, we'll run you through them all.

What Trump says on 'no tax on tips' Republicans have been critical of the efforts by the IRS to delay a flood 1099-K forms hitting mailboxes, and at the same time GOP leaders are calling for ...

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers will ...

The threshold is currently set to drop again in 2025, which means you'd receive a 1099-K during next year's tax season if you have transactions for more than $2,500 this year.