US ticket touts making more than $600 per year to be subject to new tax

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A crowd at a concert raising their hands in excitement.

A new law in the US is set to warn ticket touts away from reselling concert and event tickets by taxing anyone making more than $600 (£490) per year through websites including StubHub and Ticketmaster, Wall Street Journal reports.

The Internal Revenue Service (IRS) is making strides to crack down on scalpers as part of the American Rescue Plan Act, meaning ticketing companies must report customers making more than $600 a year on resales.

The act began at the start of the 2023…