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New IRS 1099-K Threshold: Avoid Penalties for Unreported Side Hustles

New IRS 1099-K Threshold: Avoid Penalties for Unreported Side Hustles

Sudip Sengupta
April 2, 2025

New IRS 1099-K rule lowers threshold to $600. Find out if your side hustle income is taxable and how to stay compliant.