Miller's Statement on the IRS' Decision to Change the 1099-K Threshold
November 27, 2024
November 27, 2024
WASHINGTON, Nov. 27 -- Rep. Carol Miller, R-West Virginia, issued the following news release:
Today, Congresswoman Carol Miller (R-WV) has released a statement following the Internal Revenue Service's (IRS) decision to illegally implement the $5,000 1099-K threshold for tax year 2024.
"When Democrats passed the American Rescue plan in 2021, they lowered the 1099-K reporting requirement from $20,000 and 200 transactions to $600 because they knew they needed to . . .
Today, Congresswoman Carol Miller (R-WV) has released a statement following the Internal Revenue Service's (IRS) decision to illegally implement the $5,000 1099-K threshold for tax year 2024.
"When Democrats passed the American Rescue plan in 2021, they lowered the 1099-K reporting requirement from $20,000 and 200 transactions to $600 because they knew they needed to . . .