How the New 1099-K Threshold Affects Gig Workers

The IRS quietly lowered the 1099-K reporting threshold to $5,000 for 2026, and that changes things for freelancers, gig workers, and small sellers. Lucas and Luna break down what the 1099-K actually is, how the new threshold works, and why it doesn't change your tax bill—but does change your paperwork. They walk through a concrete example of a rideshare driver who gets a 1099-K for the first time, explain the state-by-state patchwork of thresholds, and offer practical tips for reconciling 1099-Ks with your own records. No panic, just clarity on a form that confuses millions. Plus, a quick note on how listener support keeps this show ad-free. #1099K #GigEconomy #FreelancerTaxes #TaxReporting #IRS #TaxSeason #SideHustle #Rideshare #EtsySeller #SmallBusiness #TaxTips #Finance #BusinessPodcast #FexingoBusiness #TaxPlanning #TaxDeductions #TaxCompliance #SelfEmployed Keep every episode free: buymeacoffee.com/fexingo