Are there any noteworthy changes to tax returns in 2025?

One big change coming in 2025 will be the issuance of a form called Form 1099-K for taxpayers who received $5,000 or more through online marketplaces or payment apps like Venmo, Zelle, Google Wallet and other services.

According to the IRS, all income received through such sites is taxable, whether or not it hits the $5,000 threshold, and taxpayers will need to report that income whether or not they received the form.