The payment level at which apps and marketplaces (PayPal, Venmo goods and services, eBay, Etsy) must send you Form 1099-K. Reset to $20,000 and more than 200 transactions for 2025 onward after several years of lower thresholds.
A 1099-K reports gross payments, including refunds and fees, and the IRS matches it to your return. A lower threshold would have caught casual sellers; the reset means fewer forms, not fewer taxable sales.
No. Reimbursements from friends are not income. Payments for goods or services are, with or without a form.
Source: IRC 6050W as amended by Public Law 119-21, section 70433
Last reviewed September 17, 2026. Tax rules change; confirm current law before acting.
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