November 2026
Form 1099 threshold is now $2,000 for payments made in 2026
For payments made in 2026, businesses generally file Form 1099-NEC or 1099-MISC only for a payee they paid $2,000 or more during the year, up from $600 for earlier years. These forms are filed in early 2027. The income is still taxable to the recipient even when no form is issued, so keep collecting Form W-9 from contractors.
Source: IRS
