The Southern Maryland Chronicle on MSN

IRS Eases 1099-K Rules with $20K Limit

The Internal Revenue Service issued updated frequently asked questions on Form 1099-K on Oct. 23, 2025, clarifying reporting ...
From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax ...
The AICPA said taxpayers and tax professionals need certainty about how to claim the deductions for 2025. The IRS has said it will not update its forms until 2026.
Portland, OR, USA - Jan 5, 2022: Third-party payment apps now have to report transactions more than USD600 to the IRS.