Trump just killed the $600 IRS rule. Venmo, PayPal, CashApp users now safe from tax form overload. $20K/200 rule is back.
President Trump signed off on a tax reform that wipes out the $600 IRS reporting rule for payment apps. The rollback applies to CashApp, Venmo, PayPal, Airbnb, Etsy, and other platforms that process peer-to-peer payments. Starting with the 2025 tax …