New 1099 NEC Threshold: How Do I Pay Contractors?
“Simple can be harder than complex.” — Steve Jobs Quick Summary: What’s Changing With The 2026 1099 NEC Threshold? Businesses will only need to issue a 1099-NEC if they pay an independent contractor $2,000 or more in a calendar year. The new rule begins for tax year 2026. Business owners: less paperwork, but you still…