Will You Get Taxed Using Zelle 2025 Taxes

Will You Get Taxed Using Zelle 2025 Taxes. 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. For your 2024 taxes (which you'll file in 2025), the irs is planning a phased rollout, requiring payment apps to report freelancer and business owner earnings over $5,000.

Here’s how it’ll affect your taxes. Zelle® does not impose taxes on transactions made on its network.