Payment platforms like Venmo and CashApp have become the easiest way to send money to someone over the past few years, but if you're receiving payments for work through these apps, there are some important tax changes you need to know about. Ina recent press releas...
Review your Venmo account statements to verify this information. Include the information from Form 1099-K on your tax return. You'll need to report the gross amount of the payments you received as indicated on the form. If the form includes personal transactions that are not su...
Self-employed taxpayers likely need to pay quarterly tax payments and meet key IRS deadlines. Here’s a closer look at how quarterly taxes work and what you need to know when filing your tax returns.
If you hold digital assets for a year or less, your capital gains are considered short-term and taxed as ordinary income, which can be as high as 37% depending on your federal tax bracket. Note that individual filers don't have to pay any federal capital gains tax if their total ...
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Learn how to leverage the advantages of a 0% introductory annual percentage rate (APR) credit card to save on interest during the introductory period.
have to pay the remaining taxes when you file your annual tax return. (And yes, freelancers must file an annual tax return by April 15—just like everyone else.) On the other hand, if you overpay your quarterly taxes, you’ll receive the excess amount back in the form of a tax ...
There are many benefits to adding your significant other as an authorized user. Find out the pros and cons of sharing credit cards to earn travel points.
Under Send, tap Send to Venmo. Tap the 'Activate your payname toggle.' Once your payname’s active, you can ask the sender to try the payment again. If it still doesn’t work, please ask the sender to contact the relevant Support team for assistance. Are there any tax liabilities ...
And I'm like, "Oh, I heard that story five minutes ago. That's weird." Then they tried to pay me through Venmo as if I was a business, which I am not, on Venmo or in life. And so when that didn't go through, they sent me this typo-ridden email ...