Raising the 1099 Filing Threshold
Just because I live in his district doesn’t mean I have ever voted for him. But even a blind squirrel occasionally finds an acorn:
"An influential U.S. House committee this week endorsed a tax-relief package that included language by Rep. David Schweikert that would raise the Form 1099 reporting threshold from $600 to $5,000....According to Schweikert's office, the threshold has never been adjusted for inflation; $600 in 1954 when the rule was created would be worth over $6,700 in 2023. Schweikert's bill includes provisions that would adjust the threshold for inflation."
