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IRS starts new tax rule for digital income

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Summary
Nutrition label

56% Informative

A new rule being implemented for the 2024 tax year means revenue over $ 5000 collected through platforms like PayPal or Venmo has to be reported.

That includes payments for concert tickets, clothes and household items.

Javier David , a CBS News contributor and business editor for The Dallas Morning News , gives his advice on how to file early.

VR Score

51

Informative language

43

Neutral language

68

Article tone

informal

Language

English

Language complexity

18

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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