The IRS headquarters in Washington (AP Photo/J. David Ake)
The payment apps were previously required to send users a 1099-K form if their gross income exceeded $20,000, or they had 200 separate transactions within a calendar year.
Some have called out Democrats for appearing to defy their original messaging on the American Rescue Act in which leaders said changes would only target wealthy taxpayers.
"We were promised this time that the tax bill was only going to go after the super rich," Americans for Tax Reform's Grover Norquist noted on "
