Interest income reported on Form 1099-INT must be included on your federal tax return. For most taxpayers, this income is reported on Schedule B (Form 1040) if the total exceeds $1,500.

Gig workers who earned more than $5,000 in payments in 2024 will receive a Form 1099-K PDF in January 2025. Another tax filing season is upon us. The IRS announced Monday, Jan. 27, as the official ...

A copy of this form will be sent to the IRS as well. The 1099-K reporting threshold will eventually decrease to $600. RELATED: Social Security Fairness Act signed: What to know ...

An IRS official said the agency is "working judiciously" to implement both the 1099-K and 1099-DA requirements. "We acknowledge the benefits and burdens of expanding third party information reporting ...

Taxing Questions by David Zubler ...