2024 2024 K Threshold. Congress could theoretically pass legislation changing the law, or new irs leadership could. Taxpayers will be required to report total income of more than $5,000 for the 2024 tax year, more than $2,500 for the 2025 tax year and, finally, more than $600 for 2026.
They also issued guidance for the next 2 years as well. $5,000 threshold, applicable from the first transaction (no minimum transaction volume).