Saving Gig Economy Taxpayers Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 32
- Latest action
- Mar 5, 2025
What it does
The Saving Gig Economy Taxpayers Act would reinstate the pre-American Rescue Plan Act threshold for third-party settlement organizations (like PayPal or Venmo) to report payments to the IRS, requiring reporting only when a payee receives over $20,000 in aggregate payments and more than 200 transactions in a year. It would also align backup withholding rules to apply only to payments that meet these same reporting thresholds, effectively exempting smaller gig economy earners from automatic tax reporting and withholding. The changes would take effect for calendar years beginning after December 31, 2024, restoring the de minimis exception that was in place before 2021. This bill primarily…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Carol Miller
- Aaron Bean
- Adrian Smith
- Beth Van Duyne
- Blake Moore
- Brandon Gill
- Brian Fitzpatrick
- Claudia Tenney
- Darin LaHood
- David Kustoff
- David Schweikert
- Diana Harshbarger
- Gregory Murphy
- Gus Bilirakis
- Jodey Arrington
- John McGuire
- Kevin Hern
- Lloyd Smucker
- Max Miller
- Michelle Fischbach
- Mike Bost
- Mike Carey
- Mike Kelly
- Mónica De La Cruz
- Nathaniel Moran
- Neal Dunn
- Nicole Malliotakis
- Randy Feenstra
- Ron Estes
- Rudy Yakym
- Vern Buchanan
- W. Steube
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.