Get Ready for Taxes: What’s New and What to Consider When Filing in 2023
Ready to file your taxes and get the most out of your 2023 refund? Then pay close attention to these tips to get your tax refund as accurately and efficiently as possible! Here’s the scoop on a few important things for taxpayers to know this year. 1. New Reporting Rules for Form 1099-K. In 2022, taxpayers who received third party (i.e. Venmo, PayPal, etc.) payments for goods and services that exceeded $600 will get a Form 1099-K, Payment Card, and Third Party Network Transactions by Jan. 31, 2023. In regards to taxability of all income, there’s no change. This includes part time work,...
December 15, 2022
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