This bill would offer a pathway for independent contractors and gig workers to access affordable coverage options by clarifying that voluntary contributions from hiring parties will not create an employment relationship.
To empower gig workers, companies need legal certainty to make contributions to portable benefits plans.
IRS Implements New Rule Requiring Payment Processors to Issue 1099-K Forms for Gig Workers Earning Over $600 per Year
Beginning January 1, 2023, the IRS will require payment processors like Venmo, Cash App, and Zelle to issue a 1099-K for business transactions totaling $600 in a year.
At a time when many Americans are struggling with rising inflation, opportunities to earn extra income in the gig economy are more important than ever. But occupational licensing poses a problem.
This bill defines the scope of the relationship between gig workers and gig platforms.