If you make money online, you might see new tax forms in 2026. That doesn’t mean you owe more tax. It means reporting rules changed. Here’s the simple breakdown: 1099-K This comes from payment platforms like Stripe (as payor for Skool), PayPal, Venmo (goods & services), Square, or Etsy. - 2024 transactions: form issued if you’ve earned over $5,000 - 2025 transactions: over $2,500 - 2026 and later: over $600 It reports gross payments, not profit. 1099-NEC This comes from businesses that pay you directly for services. - Threshold stays at $600 for 2025 - No increase to $2,000 (that was proposed, not yet passed) Important thing to remember: Getting a 1099 does not create tax. You're taxed on profit, not the form total. Think of the form like a receipt copy.The IRS just got the same copy you did. Why this matters: As the thresholds drop, even small side income gets reported.That makes basic bookkeeping more important than ever. If you know your numbers, these forms are a non-issue. See the chart 👇that summarizes this information for you.