Zelle Irs Reporting 2024. For tax year 2024, the threshold falls to $5,000 in goods and service payments. The law requiring certain payment networks to provide forms 1099k for information reporting on the sale of goods and services does not apply to the zelle network ®.

Zelle is not obligated to provide irs reports when a user’s income on their platform surpasses just $600, as the $600 income reporting threshold does not apply to zelle. Here’s how taxes work for venmo, zelle, cash.