Zelle And Tax Reporting 2025 Tax Reporting. Tax reporting requirements for digital payment platforms, including zelle, have evolved with recent regulatory changes. As its use expands for both personal and business transactions, questions have arisen about potential tax implications and whether zelle reports transactions to the irs.
The irs originally rolled out a plan to implement new reporting requirements for anyone earning over $600 via payment apps in 2023. Zelle tax 2024 if you have taxable income from zelle, you will need to report it.