The IRS has delayed the $600 threshold for Form 1099-K reporting, with the new thresholds set as follows: $5,000 for the 2024 tax year, $2,500 for 2025, and $600 in 2026. This gradual transition allows small businesses and gig workers more time to adjust to the upcoming changes. Boston Financial Advisory Group (BFAG) advises proactive tax planning, improved record-keeping, and regular... https://bostonfagroup.com/#/IRS-again-delays-effective-date