IRS restores higher Form 1099-K reporting threshold

Updated IRS guidance explains how payment platforms, sellers, and taxpayers should handle Form 1099-K reporting, corrections, and personal transactions for 2025.

The IRS has officially reinstated the $20,000 and 200-transaction limit for when third-party payment platforms must issue Form 1099-K, undoing the lower $600 trigger that never took effect.

The new fact sheet, FS-2025-08, also explains how to correct wrong forms, report personal sales, and handle ticket-resale income.

Why It Matters

• Who it affects: Users …