Articles on: Rewards & Payouts

Will I receive a 1099? Am I responsible for taxes?

Yes. If your earnings paid through PayPal or Venmo exceed $20,000 AND involve more than 200 transactions in a calendar year, we are required under current federal regulations to issue you a Form 1099‑K.

Some states set a lower 1099-K threshold than the federal one. Maryland — where The Ticket Collective is based — requires a 1099-K at just $600 in earnings, with no transaction minimum. If you're a Maryland resident, you may receive a 1099-K well before hitting the federal $20,000/200-transaction threshold. Other states with similar lower thresholds include Massachusetts, Vermont, and Virginia.

💡 We strongly recommend consulting a qualified tax professional regarding self-employment taxes and estimated quarterly payments.

Updated on: 02/09/2026