Under the new law, reporting thresholds for Form 1099-K (for payment card and third-party network transactions), Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC ...

The House of Representatives and the Senate have both proposed changes in the reporting thresholds for Form 1099-K and Form 1099-NEC. The goal? Fewer forms for taxpayers.

Gig workers with lower incomes were more likely to create new firms than other gig workers, as were gig workers who claim a dependent on their tax form.

The massive new tax law brings several tax-law changes for self-employed, freelance and gig workers, including some that should lower their tax bills.