Scotty Davis

Scotty Davis

Tampa Bay News & Entertainment every afternoon from 3pm - 7pmFull Bio

 

New Tax Rule: If You Use Payment Apps For A Side Hustle

Here's the quick version on the new tax law. If you use Venmo, PayPal, Zelle or Square, tax season brings a couple changes.

According to Jeff Rossen from WESH Channel 2 Orlando: "Those apps will have to start reporting business transactions if they're $600 or more per year. If you have a side hustle like selling goods or services on Etsy — this means you." Well, sounds pretty cut and dry. How's it all going work?

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