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Higher Tax Reporting Threshold Reinstated for Gig Economy and Online Sellers.

This Act reinstates the previous, higher threshold for third-party payment platforms reporting income from gig work and online sales to the IRS. Platforms will only issue tax forms (1099-K) if a taxpayer's gross income exceeds $20,000 and involves more than 200 transactions annually. This change reduces the administrative burden and paperwork for individuals earning small amounts through the gig economy or casual online selling.
Key points
Raises the threshold for third-party payment organizations (like gig platforms or online marketplaces) to report income to the IRS.
The new reporting requirement is triggered only if income exceeds $20,000 AND the number of transactions exceeds 200.
This reverses the lower $600 threshold previously introduced by the American Rescue Plan Act.
The change applies retroactively to calendar years beginning after December 31, 2021.
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Additional Information
Print number: 118_HR_190
Sponsor: Rep. Miller, Carol D. [R-WV-1]
Process start date: 2023-01-09
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OFFICIAL LEGAL TITLE

Saving Gig Economy Taxpayers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_190.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-01-09.

What are the main provisions?

Key points include:

  • Raises the threshold for third-party payment organizations (like gig platforms or online marketplaces) to report income to the IRS.
  • The new reporting requirement is triggered only if income exceeds $20,000 AND the number of transactions exceeds 200.
  • This reverses the lower $600 threshold previously introduced by the American Rescue Plan Act.
  • The change applies retroactively to calendar years beginning after December 31, 2021.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Miller, Carol D. [R-WV-1].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 696.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Taxes Labor Economy