One Less Tax Form: IRS Delays Lower Cash App & Venmo Tax Reporting Threshold

Venmo Tax Reporting Image

IRS delays $600 reporting threshold requirement for Venmo tax reporting and other cash app transactions Venmo and other cash app users were gearing up to receive an extra tax form this 2023 tax filing season. Due to the American Rescue Plan Act of 2021, cash apps like Venmo, PayPal, and Zelle were required to issue