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Big Beautiful Bill rolls back 1099K amounts to previous limits

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  • derrybderryb Posts: 37,976 ✭✭✭✭✭

    Previous discussion on the US Coin Forum

    If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong

  • taxmadtaxmad Posts: 1,083 ✭✭✭✭

    I do wish they would raise the 1099 limit. $1200 creates too many forms that yield too little tax.

  • derrybderryb Posts: 37,976 ✭✭✭✭✭
    edited August 7, 2025 7:03PM

    @taxmad said:
    I do wish they would raise the 1099 limit. $1200 creates too many forms that yield too little tax.

    which 1099 are you referring to? There are at least 11 of them.

    If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong

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