2025 One Big Beautiful Bill Act - New 1099 Reporting Thresholds

For tax years prior to 2026, anyone engaged in a trade or business that pays compensation, rent, grants, etc. of $600 or more must file Form 1099-MISC or 1099-NEC.

Beginning in 2026, the threshold has been increased to $2,000. This will be indexed for inflation starting in 2027 in multiples of $100.

Tax Processors Plus strives to make the information on this page timely and accurate but makes no promise or guarantee about the timeliness, accuracy, or completeness of the contents of this page. This is general information and is not intended to be tax advice. You are encouraged to also review the underlying federal resources and publications.