And the IRS changed it to $2500 instead of $600 for this year, going to $600 next year.
What law did the IRS use? They pulled it outta their butt...
I'd say...above what the standard deduction would be. Many old folks have only SS and don't have to file....unless they get a 1099-K. So you sell off your "stuff" on ebay and have to file even though it cost more when you bought it. Dumb