The 1099 Reporting Threshold Is Now $2,000: What Small Businesses Should Know for 2026
Small-business owners who pay independent contractors have an important administrative change to keep in mind for 2026: the federal reporting threshold for many Forms 1099-NEC increased from $600 to $2,000. That may reduce the number of forms some businesses file next January, but it does not eliminate the need for good vendor records, completed W-9