What new laws go into effect in 2021
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Video: 5 Biggest Changes for Tax Year 2021 Explained
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Starting next year, a new IRS rule will require anyone earning over $600 on payment apps, like Venmo, in 2023 to receive a 1099-K form. The old threshold was earning $20,000 over 200 transactions. Our tax time series clears up some of the confusion over transactions made on payment platforms. | CBS Evening News
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