05/28/2026
New change for 1099-Misc and 1099-NEC minimum amount to report.
In the past, 1099-Misc and 1099-NEC were required to make if paid someone over $600 for nonemployee contractor, rent, award, misc income, and certain business transactions.
Starting this year, the minimum is now $2,000 and is indexed for inflation starting next year 2027.
What that means?!
Check this ASL video to learn more about the BIG new change for 1099-Misc and 1099-NEC reporting.
Registry of Interpreters for the Deaf, Inc.
Source: https://www.irs.gov/publications/p1099 under "What's New"