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This is how Venmo users' tax refunds could be impacted in the new year

Por: Newsweek Nation December 22, 2022

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Frequent Venmo, PayPal and other mobile payment service users might see a lower tax refund in 2023, and they could even owe money if they sold taxable goods or services through the platforms in 2022.Part of the American Rescue Plan that President Joe Biden signed into law in 2021 drastically lowered the reporting threshold for Form 1099—a type of tax form often used for reporting miscellaneous income—from $20,000 for the year to $600 for... + full article



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