The IRS is now requiring freelancers to report payments of $5,000 and up received via third-party apps like CashApp, PayPal, ...
Many Americans will be seeing a much smaller tax refund this year. This comes after years of record-breaking tax refunds. The ...
But not quite yet. Last month, the IRS issued official notice that for calendar year 2024 the dollar-limit threshold would drop to $5,000 and further announced the 2025 threshold would be $2,500.
According to a statement of facts made by South Hadley Officer Karl Kapinos, shortly after 1 p.m. that day a woman walked into the bank and passed a note to a teller that said, “Put $5,000 cash ...