<h3>1099-K Thresholds</h3>
<p>A 1099-K is a tax form that summarizes payments received for goods or services for the tax year. A 1099-K may be issued when your payments meet the applicable reporting threshold based on your tax residency or state rules.</p>
<h2>Federal Threshold</h2>
<p>The federal threshold is:</p>
<ul>
<li>More than $20,000 in payments, AND</li>
<li>More than 200 transactions</li>
</ul>
<h2>State Thresholds</h2>
<p>Some states have lower thresholds than the federal threshold. The tax year 2025 state-specific thresholds are:</p>
<table>
<thead>
<tr>
<th>State</th>
<th>Threshold</th>
</tr>
</thead>
<tbody>
<tr>
<td>Arkansas</td>
<td>$2,500 or more</td>
</tr>
<tr>
<td>District of Columbia</td>
<td>$600 or more</td>
</tr>
<tr>
<td>Illinois</td>
<td>$1,000 or more and 4 or more separate transactions</td>
</tr>
<tr>
<td>Maryland</td>
<td>$600 or more</td>
</tr>
<tr>
<td>Massachusetts</td>
<td>$600 or more</td>
</tr>
<tr>
<td>Montana</td>
<td>$600 or more</td>
</tr>
<tr>
<td>New Jersey</td>
<td>$1,000 or more</td>
</tr>
<tr>
<td>Vermont</td>
<td>$600 or more</td>
</tr>
<tr>
<td>Virginia</td>
<td>$600 or more</td>
</tr>
</tbody>
</table>
<br />
If you receive a 1099-K you believe you are not eligible for, you can reach out to us at support@strike.me to request a revision by March 15.

State	Threshold
Arkansas	$2,500 or more
District of Columbia	$600 or more
Illinois	$1,000 or more and 4 or more separate transactions
Maryland	$600 or more
Massachusetts	$600 or more
Montana	$600 or more
New Jersey	$1,000 or more
Vermont	$600 or more
Virginia	$600 or more