Irs And Zelle Transfers 2025. Learn if zelle reports to the irs, how to handle zelle payments for taxes, and what the $600 reporting rule means for you in 2024. And now, the tax agency says it will wait until 2025—and ease into the new changes by lowering the reporting threshold from $20,000 to $5,000 during a transitional stage.
If you’re a freelancer or gig worker who receives payments via apps like venmo, zelle, cash app or paypal, your tax reporting requirements will change for the 2024 tax year Starting in 2025, digital wallet users will face new irs regulations for income reporting.
