For 2026 the Form 1099-K reporting threshold reverts to $20,000 in payments (and 200 transactions), reversing the prior lower thresholds. The change mainly affects businesses and gig workers paid through platforms like Venmo, PayPal, Stripe and Square.
Why this matters for founders
Expect fewer platform-issued 1099-Ks, but keep your own records: your income tax obligation is unchanged even if no form is issued.
Source: Novyx Group (JA Johnson CPA)
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