The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning with payments made in 2026, the new law raises the threshold for information reporting on certain business payments from $600 to $2,000. Beginning in 2027, the threshold amount will be adjusted for inflation. The current requirement: $600 threshold
new 2026 threshold for 1099s
Aug 27, 2025
The new law includes a game-changer for business payment reporting
- By Joan Ellenbogen
- Business
- 0 Comments
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