Online sellers and freelancers in the U.S. have found changes to the 1099-K reporting threshold headache-inducing at best over the past couple of years, but a recent change in IRS policy will come as a relief to many. Congress enacted a rule to change the 1099-K threshold for your 2025 taxes, meaning you should only receive a Form 1099-K if you receive more than $20,000 in gross payments on third-party networks or payment apps and you also conduct more than 200 transactions on a single platform within the ...