Information for your Taxes

Healthie makes it easy to access end-of-year tax information required when filing your business taxes. 

1099-K Form Details 

If you accept credit card payments through Healthie, when tax time comes, you may receive a 1099-K form. 

The 1099-K is an informational form that summarizes the sales activity of your account, which is designed to assist you in reporting your taxes. Every year, the United States IRS requires that Stripe, our payment processor, provide a 1099-K for each account that meets  all of the following criteria in the previous calendar year:

Current IRS Reporting Thresholds (Tax Year 2025)

For the 2025 tax year, the IRS generally requires payment processors to issue a Form 1099-K only if both of the following are met during the calendar year:

• More than $20,000 USD in total gross payments, and
• More than 200 transactions

Some states have lower reporting thresholds, which may result in a 1099-K being issued even if federal thresholds are not met.

Receiving Your 1099-K Through Healthie

If your payment activity meets the applicable reporting requirements, Healthie will e-deliver your 1099-K through Stripe.

The account representative associated with your Stripe account will receive an email invitation to create or access a Stripe Express account, where the 1099-K can be securely claimed and downloaded.

If you have not received any copy of 1099-K by February 1st, please email finance@gethealthie.com with your request.

What’s on the 1099-K

Your Form 1099-K includes:

• Your practice’s contact information
• The EIN or SSN linked to your Stripe account
• The total number of charges you processed through Stripe
• Any state/federal tax withheld (if applicable)

Note: Your 1099 via Healthie will not include CMS 1500 claims created/submitted, as well as payments / checks that you received from clients outside of the platform.

To learn more about how to use this form, visit the IRS site: Understanding Your Form 1099-K.

You can also download a blank example of the 1099-K form here.

Does my practice qualify for a 1099-K?

For the 2025 tax year, a 1099-K is generally issued if your practice’s payment activity meets the IRS reporting criteria through Stripe, our payment processor.

Stripe issues a 1099-K for each unique tax identification number (TIN) such as a Social Security Number (SSN) or Employer Identification Number (EIN) that meets the applicable federal or state reporting thresholds.

You may receive a 1099-K in scenarios such as:

• You processed more than $20,000 in gross payments and more than 200 transactions during the calendar year.
• Your business is located in a state with lower state-level 1099-K reporting thresholds, which may require reporting regardless of federal limits (for example: Illinois, Maryland, Massachusetts, Mississippi, Missouri, Virginia, or Vermont).

Because reporting rules may vary by state and account configuration, it’s possible to receive a 1099-K even if you believe your activity is below the federal threshold.

"Total Gross Volume” on 1099-K Form

“Total gross volume” is a calculation of the total of all charges you processed through Stripe for the year, including:

• Shipping fees
• Taxes
• Refunded charges
• All adjustments

1099-K forms sent out from Healthie will exclude Stripe processing fees, meaning that the fees are already deducted from the total gross volume on the form.

However, other adjustments such as refunds are not deducted from your total charges when calculating your gross volume and reporting to the IRS.

You can also pull a Payments report to see the breakdown of this information. This report will list the Stripe fees and the gross amounts earned by the account. By manually subtracting the two columns, you will find your net income. More information about the report can be found here: Deep dive: Payments Report.

Other Financial Reporting for Taxes

If you don’t meet the federal 1099-K reporting threshold, don’t worry — you can still generate a Payments Report for the full year to help prepare books and provide information for your tax return. 

An accountant can assist with how to treat these amounts on your return.

Is Healthie Tax Deductible? 

Healthie is considered an acceptable business expense, and therefore is tax deductible. 

You can classify Healthie as a software expense, and include your total amount spent on your Healthie subscription when completing your business taxes.