Reported 2 days ago
The 2025 tax season introduces significant changes for US taxpayers, including a reduced threshold of $5,000 for receiving Form 1099-K for side income, the introduction of Form 1099-DA for virtual currency traders starting in 2026, and an increase in the child tax credit for eligible families. Taxpayers are encouraged to understand these changes to ensure proper reporting and maximize their benefits.
Source: YAHOO