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Venmo Taxes UPDATE | New IRS Reporting Threshold!?

Is the IRS really taxing anything over $600 on Venmo, CashApp, PayPal, & Zelle? What about the 1099-K form? Here's what's REALLY happening with your 2022 taxes, & what you can do about it... Leave a LIKE if you found this video helpful, & consider subscribing for more content just like this! News Article Referenced Link: https://www.dailymail.co.uk/news/arti... TurboTax Article on Business vs Hobby Link: https://turbotax.intuit.com/tax-tips/... Previous Video About This "NEW Venmo Taxes In 2022 + 1099-K | Should You Be Worried?" Link:    • Venmo Taxes + 1099-K | Should You Be ...   Additional Information About Reporting Income Link: https://ttlc.intuit.com/community/inc... 🔔 SUBSCRIBE HERE ➡️    / @calebismyname   In this video I debunk some rumors surrounding the new PayPal & Venmo tax laws for 2022. I also explain what's REALLY happening with these money transferring platforms & how you might be impacted by these upcoming changes. I hope this video puts your mind at ease & gives you an idea of what to expect for 2022 tax season. If you use any of these platforms, are self-employed, have a side hustle, or run a business be sure to watch until the end so you can be prepared! Be sure to turn your notifications on for more life advice, financial tips, & psychological strategies to help you grow & optimize your life! This video is NOT sponsored. IMPORTANT LINKS: Acorns Referral Link: https://acorns.com/share/?advocate.pa... My top recommendation for investing apps and saving money as a beginner! This app can function as a checking account, investment account, & retirement account all in one! It makes saving & investing money easy, brainless, & automated. Discover Cash Back card Referral Link: https://refer.discover.com/s/fmqocz?a... This card has NO ANNUAL FEE, gives 5% cash back on revolving categories, gives unlimited 1% cash back on all other purchases, includes a sign-up bonus, & much more! Chase Freedom Unlimited card Referral Link: https://www.referyourchasecard.com/18... This card also has NO ANNUAL FEE, gives unlimited 1.5% cash back on every purchase, has an amazing sign-up bonus as well, & much more! Robinhood Referral Link: https://join.robinhood.com/calebc2791 This app makes it easy to get started with buying stocks & is great for beginners who are still learning. Coinbase Referral Link: https://coinbase.com/join/GGX5JBL?src... This platform makes it really easy & safe to buy, sell, and store digital currency. Webull Referral Link: https://a.webull.com/Nwcqy6AYuVEsjPZGyg This app is for more advanced investors, with live trading tools & more chart features. ADVERTISER DISCLOSURE: My videos & descriptions may contain affiliate and/or referral links, which means if you click on one of the product links or sign up for a service, I may receive a small commission or referral bonus, respectively. This helps support the channel. All links provided in this manner are for products and/or services that I stand behind or use myself. Thank you for your support! --- LEGAL DISCLAIMER: I am NOT a financial advisor/licensed legal professional of any kind & everything I share is my own opinion & perspective. All investments come with risk & I cannot guarantee any particular outcome. The information presented may not apply to you or your specific situation. Take everything I say with a grain of salt, consult a legal professional, & please do your own research to make the best personal decisions for yourself! ABOUT ME: My name is Caleb Clament, here to be your personal guide to self-investing! My goal is to provide you with tips, tools, strategies, & resources to help you invest in yourself, optimize your life, apply yourself as an adult, & grow to be your very best. I've had a great interest in psychology & personal finance from a young age, but some other passions I have include skateboarding, creating music, exploring nature, & reading. I love learning new things & teaching others. I want to see you thrive & achieve your goals! Have a video to request? Leave a comment or send me a message about it! :) Invest In Yourself. #tax #taxes #venmotaxes