One of the simplest ways to avoid issues with Venmo tax reporting is to categorize your transactions correctly. Venmo offers two key labels: “Goods and Services” and “Send to a Friend.” These labels ...

but many don’t know that certain Venmo transactions need to reported for taxes. If you’re a business owner or freelancer, you ...

Fintech companies such as Venmo, PayPal, Zelle and Stripe make the process swift and safe through their mobile apps. Be aware that you will often need to pay income tax on your earnings.

With the onset of the 2025 tax season, many taxpayers are actively ... as well as digital wallets like PayPal and Venmo. Each ...

If you use third-party payment platforms, like PayPal, Venmo or Cash App ... earnings were already taxable so this is not a change in tax law, but rather just a reporting change.

Still, for those who did file — and checked their phones on Tuesday — the result was a tangible win: $156.09, direct to their Venmo ... financial, tax and legal advisers.