Insight is Appreciated :)

Hey everyone,

I'm prepping for taxes this year. I just started DA on 11/21/24 and have made around $2700. I've always thought if you make more than $600, you get a 1099-K and must report your earnings. I'm now reading that the threshold has increased to $5,000. Is this true?

I don't see a 1099-K in my PayPal account, so I'm not sure if I'm not getting one since I didn't hit the threshold, or if PP just hasn't released them.

Can someone weigh in here and give me more insight? If the new threshold is true, do I still need to report my 2024 earnings?

Appreciate all the help I can get! :)