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Tax Law Update for Gig Workers: Form 1099-K Threshold Returned to $20,000

October 27, 2025 Bryan Tuk

If you are a gig worker, or you employ gig workers, you should be aware that last week the IRS released new guidance on when the Form 1099-K must be issued. Previously, businesses were required to issue a Form 1099-K to any person who was paid $600 or more in a single year. This understandably caused much commotion in the creative economy.

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In tax law Tags tax, creative economy

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