The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

Meaning if customers or clients paid you at least that amount through Venmo, you will receive a 1099-K. The threshold for the 2025 tax year will go down to $2,500 minimum, with the $600 threshold ...

A few days before Thanksgiving, Jenna, a 35-year-old OnlyFans creator living in Los Angeles, received $2,500 from one of her favorite followers via Venmo. The man, whom she has never met, had ...

Some Venmo users will already see the new feature in their app if it’s the latest version, but it’ll be more widely available in the next few weeks. Kathleen Wong is a travel reporter for USA ...

Venmo allows you to maintain a balance, essentially turning it into a pseudo bank account. But for most people, carrying a Venmo balance is unnecessary and potentially risky. Here's why you likely ...

Venmo has a $7,000 combined weekly spending limit and a weekly P2P limit of $60,000 for verified customers. PayPal offers more flexibility, with a $60,000-per-transaction limit and no limit on the ...

Meaning if customers or clients paid you at least that amount through Venmo, you will receive a 1099-K.