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What to know about the major changes to this year's tax code

Name: What to know about the major changes to this year's tax code
Uploaded: 2025-02-26T12:27:00-0500
Duration: 1 min 31 s
Description: One big change this year is that more people could be receiving a 1099-K. Previously, the threshold for taxable transactions made online was $20,000 in 2023. For 2024, that threshold dropped to $5,000.

One big change this year is that more people could be receiving a 1099-K. Previously, the threshold for taxable transactions made online was $20,000 in 2023. For 2024, that threshold dropped to $5,000.