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Two tax reporting changes on tap for businesses, freelancers and payment apps like Venmo
The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.
IRS Issues Guidance On New Deductions For Seniors, Tips, Overtime And Car Interest
As with tips and overtime, the IRS will provide transition relief for tax year 2025 for interest recipients—this means more ...