2024 2024 K Threshold. The current tax year is from 6 april 2024 to 5 april 2025. All we know is that the reporting threshold for 2024 will be $5,000 — period.

For the 2024 tax year, the irs plans to make that threshold $5,000 to phase in new reporting requirements. Full implementation of the new law will roll out in the 2025 tax year (taxes filed in 2026).