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@Minhs2Cents 🚨 Last-Minute IRS Changes to the $600 Cash App Rule! 🚨 Starting at the end of 2024, the IRS lowered the reporting threshold for cash app transactions from $20,000 to $5,000! 💸 If you receive more than $5,000 through apps like Venmo, PayPal, or Cash App, you’ll get a 1099-K form—and so will the IRS. 👉 Make sure you’re prepared! ✔️ Keep track of tax deductions ✔️ Save your bank and credit card statements ✔️ Or consider switching to Zelle—it’s not included in the reporting rules (f
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