H.R. 1882, known as the βSaving Gig Economy Taxpayers Act,β aims to modify how certain small payments are reported by third-party settlement organizations, like payment apps or marketplaces, under the Internal Revenue Code of 1986. Specifically, it reinstates the previous thresholds for...
Simple Explanation
H.R. 1882 is a bill that wants to make it easier for people who work using apps like Uber or Etsy to report their earnings to the government; it says they only need to tell the government about their earnings if they make more than $20,000 and have over 200 payments in a year.