Is the reporting threshold for supplemental income in 2022 $20K or $600?

[talavera1809]

I'm not seeing clear answers elsewhere - I know the threshold was (drastically) reduced, but this was postponed; I'm just not clear on whether it affects 2022 income

[ee-ea]

See this IRS info   https://www.irs.gov/pub/taxpros/fs-2022-41.pdf

[VolvoGirl]

That is the reporting criteria for online processors like EBay or Venmo to give you a 1099K form.   But you still need to report all your income no matter how small.   You should be keeping your own good records.   You can still get a 1099Misc or 1099NEC if someone pays you $600 or more.  But even if you don't get a 1099 you need to report it.

[talavera1809]

Who said I wasn't keeping my own good records? Good lord, all I asked was for clarification in non-government-ese, and this is the response I get? Thanks for the warm fuzzies.

[AmeliesUncle]

The clarification is that there is no threshold.  You need to report all of your income.

[ZhuoliA · Accepted solution]

You need to report any supplemental income you earned in 2022. It does not matter whether you received Form 1099-K or not. 

The reporting thresholds for third-party settlement organizations who made the payment stay the same at $600 due to the delay in implementation. See this link for more information.

@talavera1809