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Over the weekend, the American Rescue Plan Act of 2021 introduced a new threshold. The IRS has reminded income taxpayers that gig workers must report any transactions over $600 made through third-party apps. This applies to platforms like Venmo, Cash App, and PayPal. The IRS is expected to enforce this rule, as they have 80,000 people on standby. Additionally, an important update was announced on Wednesday afternoon, which may have been overlooked during the holiday weekend preparations.