Venmo Reporting To Irs 2025. But if you use venmo to collect payments for your small business or side hustle, or you’re selling items for a profit, you need to report the money you earn to the irs and pay. Payment platforms like venmo and cashapp have become the easiest way to send money to someone over the past few years, but if you’re receiving payments for work through.

The irs recently announced that it would delay the $600 reporting threshold on platforms like paypal, ebay, etsy, venmo, and cash app until 2025. This is intended for more accurate reporting for businesses that get paid through apps like paypal and venmo.