BluePerspectives

Do I have to pay taxes on my Venmo, Cash App or PayPal transactions?

The IRS’s treatment of payment apps such as Venmo and Cash App is not always clear, and some taxpayers are wondering what they will need to declare by 2024.

 Some taxpayers may be wondering what they need to declare in 2024 because the IRS’s treatment of payment apps like Venmo or Cash App has been anything but clear in recent years. Some taxpayers may be wondering what they must declare in 2024 because the IRS’s treatment of payment apps like Venmo and Cash App has been anything but simple in subsequent years. 

The IRS’s treatment of payment apps such as Venmo and Cash App is not always clear, and some taxpayers are wondering what they will need to declare by 2024.

  

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