Tag: radio, taxes on cash app
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Threshold for Cash App Payments Drastically Lowered for Tax Payments
The threshold for Cash app payments drastically lowered starting Jan 1, 2022.Currently, the IRS has rules for cash app payments. You have to report payments of $20,000 and more and/or 200 transactions. This will all change on January 1, 2022. The IRS has lowered the threshold to a total of $600 in payments with no…