Is Zelle Taxable Income Tax 2025. Anyone who earned $5,000 or more in payments in 2024 on any payment platform, app, or online marketplace must report the income on their tax return this year. If you are paid for your freelance or small business services through zelle, it's your responsibility to report all income on schedule c of your tax return.
Personal zelle payments from acquaintances, friends, and family are not taxable, but business payments from customers in exchange for goods or services constitute taxable. Anyone who earned $5,000 or more in payments in 2024 on any payment platform, app, or online marketplace must report the income on their tax return this year.
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