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

Written on Nov 30, 2022

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

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.