Tax and financial planning news from around the web: November 28 – December 2, 2022

Written on Nov 30, 2022

Some Republicans want to abolish Ohio’s income tax. How could the state do that?

Completely abolishing Ohio’s state income tax, long a conservative pipe dream, has never been closer to becoming a reality.

Do you or your clients get paid through Venmo, Etsy or Airbnb? Beware of new tax rules

A new tax reporting rule requires third-party payment platforms to issue you and the IRS a 1099-K for business transaction payments if they add up to more than $600 over the course of the year. Until this year, the threshold was $20,000.