Venmo taxes for freelancers

Venmo is one of the most common ways clients pay freelancers, and one of the messiest to sort out at tax time because personal and business payments mix together.

Personal vs. business Venmo

Payments for your work are taxable whether they land in a personal or a business Venmo profile. A business profile makes them easier to separate and is more likely to generate a 1099-K.

Download your Venmo statement

In the Venmo app, open Me → Settings → Statements (or sign in at venmo.com)
Pick the month or date range
Download as CSV
Import into Quarterbird. Failed and pending payments are skipped automatically.

Set aside as you go

Each time a client pays you on Venmo, move your set-aside percentage to a tax savings account. Quarterbird shows the exact amount for every payment it imports.

Know your number for every payment.

Import from Venmo, Cash App, PayPal, Stripe, Square or your bank. No bank login required. Reminder before your trial ends.

Get the app Try the calculator

Frequently asked questions

Does Venmo report to the IRS?

Venmo sends a 1099-K to the IRS and to you when your payments for goods and services cross the federal or state reporting threshold.

Do I pay taxes on Venmo payments from friends?

No. Money from friends and family for shared expenses or gifts isn't income. Only payments for goods and services are.

Estimates and general information, not tax advice. Check with a tax professional for your situation.