For tax year 2024, the threshold to receive Form 1099-K for payments through payment platforms is $5,000. The IRS considers money paid through the platforms for goods and services as income, even when ...

Vice President of Growth & Engagement at CBS News and Stations Jennifer Earl is the Vice President of Growth & Engagement at CBS News and Stations. Jennifer has previously written for outlets ...

If you're a freelancer, business owner or someone who occasionally makes money on the side, you need to know about the new tax reporting requirement for PayPal, Venmo, Cash App and other third-party ...

Editor’s Note: This article contains updated information from a previously published story. PayPal is a digital-payments platform that lets users engage in a range of financial activities, including ...

PayPal Links lets you send and request money with other PayPal users. You can share the payment link in an email, direct message, or text. PayPal is also adding cryptocurrency as a payment method.

Freelancers making $5,000 from third-party payment apps will be required to report it on their taxes. The Internal Revenue Service (IRS) now requires freelancers to report payments of $5,000 and up ...

Venmo and PayPal are two popular services for sending and receiving digital payments. They have a lot in common — PayPal even owns Venmo — but there are also some key differences between them.