Do I need to pay taxes on a personal PayPal account if I receive over $20k?
rahat892
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Posted on
Apr-18-2019
11:24 PM
Do I need to pay taxes on a personal PayPal account if I receive over $20k?
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PayPal_JonK
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Apr-23-2019
02:28 PM
Hello @rahat892,
Great question! PayPal reports your earnings if you receive $20,000 USD in gross payment volume from sales of goods or services in a single calendar year and 200 payments for goods or services in the same year on all account types (except in Vermont and Massachusetts where the threshold is lower irrespective of the number of transactions). You can read more about how we report income in this Help Center article. Hope this helps!
Cheers,
- Jon K
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