1099-K filing relief from the IRS

Written By Krystal Boney

Payment applications and online marketplaces (Eventbrite, Amazon, Venmo, Etsy) provide a form called 1099-K if your sales exceed a specific threshold in a calendar year. We expected taxpayers to receive this form if your sales were over $600.

As of November 26th, 2024, the Internal Revenue Service has provided relief in the 1099-K filing requirements. You will now receive this form if your sales are over the following amounts -

  • $5,000 in 2024

  • $2,500 in 2025

  • $600 in calendar in 2026 and beyond

Krystal Boney
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