1099-K threshold of $600 delayed again! Does this mean you don't have to pay tax on your income?

If you have been following the 1099-K threshold news over the past few years, you just might have a headache by now. The update is that the planned threshold of $600 has been delayed again. Here's what that means for you and what is planned for 2024. Will personal transactions be taxed?    • 1099-K $600 threshold DELAY: Will per...   No more flying under the radar:    • New 1099K thresholds! The IRS will no...   1) SUBSCRIBE to learn how to get a handle on your business!    / @notyourdadscpa   2) FREE GUIDE: "Business Starter Guide for Resellers" notyourdadscpa.com/business-starter-guide-for-rese… 3) COME JOIN THE FREE GROUP! Accounting for Online Sellers free Facebook group: www.facebook.com/groups/accountingforsellers/ 4) READY TO DITCH THE TAX ANXIETY? Reseller Tax Academy: www.resellertaxacademy.com/ Bookkeeping Basics for Resellers: notyourdadscpa.com/bookkeepingforresellers/ Reseller Finance eBook: notyourdadscpa.com/reseller-finance/ 5) LET'S CONNECT! Follow for tips on Instagram! www.instagram.com/notyourdadscpa/ Facebook: www.facebook.com/notyourdadscpa Website: www.notyourdadscpa.com/ 6) NEED TAX HELP? Join my signup list here: notyourdadscpa.com/tax-season/