ilmscore | Prediction Details
"in the last couple of years, we saw the new $600 rule. If you're getting money on Venmo, $600 rule. So, oh, you don't have to pay tax. Yeah. Well, in Venmo never really uh tracked or reported these transactions rather versus now if you're getting a lot of money in Venmo, you have to report it. Venmo will report it even if you don't report it. So, you know, doing side hustles become more difficult."
By Minority Mindset | December 20, 2025 | Correct
From video
The IRS Is Coming — And It’s Not Just for the Rich Anymore 00:03:05 - 00:03:24
Interpreted Prediction
The $600 reporting threshold for platforms like Venmo is being enforced, making it more difficult for individuals with side hustles to avoid tax reporting.
AI Evaluation Notes
The $600 reporting threshold for platforms like Venmo has been enforced since 2022, and is still being enforced in 2026. The prediction accurately reflects the current tax reporting landscape for side hustles and gig economy income.

Prediction Details

Topic
Side Hustles/Gig Economy Taxation

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