IRS Delays Gig-Tax Filing Rule for Side Hustles of More Than $600

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https://www.wsj.com/articles/irs-delays-gig-tax-filing-rule-for-side-hustles-of-more-than-600-11671815725

Reprieve for eBay and Etsy users comes after attempts to change law fall short

The Internal Revenue Service on Friday delayed by one year a law requiring e-commerce platforms such as eBay, Etsy and Airbnb to give the tax agency information on users with more than $600 in revenue.

Now, platform sellers and the IRS won’t receive a blizzard of 1099-K tax forms early in 2023 for their 2022 sales. The move comes as a relief to taxpayers and tax preparers who had been bracing for a messy tax-filing season. The change also gives opponents of the $600 threshold more time to push for a change in the law next year.

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