Zelle Transactions Reported To Irs 2025. For your 2024 taxes (which you'll file in 2025), the irs is planning a phased rollout, requiring payment apps to report freelancer and business owner earnings over $5,000. No, zelle does not report personal or business transactions to the irs as of 2024.

In 2021, congress lowered the threshold for reporting income on payment apps from $20,000 and 200 transactions annually to $600 for a single transaction. The law requiring certain payment networks to.