Under the One Big Beautiful Bill Act, the Form 1099-NEC and 1099-MISC reporting threshold rises from $600 to $2,000 starting in 2026 (indexed for inflation thereafter). Separately, the 1099-K threshold reverts to the pre-2022 level of $20,000 and 200+ transactions.
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2026 raises 1099-NEC/MISC threshold to $2,000 and restores $20,000 1099-K rule
Why this matters for founders
You'll issue fewer contractor 1099s and get fewer platform 1099-Ks, but all income is still taxable—keep tracking payments under the thresholds and update your bookkeeping/payroll settings before year-end.
Source: OnPay
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