This Isn’t a Tax Change
This isn't a tax change; it's a tax reporting change. If you're a gig workers, freelancer, or self-employed American, it might be in your best interest to get a jump on your 2022's taxes and consult with us at SFS Tax & Accounting Services. That's because a new tax reporting law could affect your tax return next year. This recent ruling, a provision of the 2021 American Rescue Plan, now requires earnings over $600 paid through digital apps like PayPal, Cash App, or Venmo to be...