IRS Updates 1099 Reporting Threshold Beginning Tax Year 2026
Beginning with tax year 2026, the Internal Revenue Service (IRS) has increased the reporting threshold for Forms 1099-NEC and 1099-MISC from $600 to $2,000. This change applies to qualifying non-employee compensation and miscellaneous payments.
Some Supply Chain Management websites and training materials may still reference the prior $600 threshold while updates are being completed. Revisions are in progress to reflect the new IRS guidance.
For additional information, refer to the resources below:
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