With Election Day fast approaching, there’s not a lot that Democrats and Republicans find themselves agreeing on. But there is one change that members of both sides of the aisle of Congress agree on, would help millions of taxpayers, and could even conceivably get done before the end of the year.
Back in 2021, before legislators realized the time for stimulus bills had passed, Congress passed the American Rescue Plan Act (ARPA). Though the focus of the bill was on fiscal stimulus, buried in this package was a change to the filing thresholds for Form 1099-K.
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