2025-01573Notice

Side Hustle Losses Get IRS Paperwork Checkup: Yawn-Worthy Tax Tweaks

Published Date: 1/23/2025

Notice

Summary

The IRS wants your thoughts on how it collects info about limits on passive activity losses and credits—basically, rules about money you lose or earn from side investments. This affects anyone who reports these losses or credits on their taxes. They’re checking if the paperwork is fair and not too much work, so now’s the time to speak up before any changes happen!

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Key Dates

Published Date
1/23/2025

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Internal Revenue Service
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