Archive for October 2026
The 1099 Threshold Is Now $2,000: What Minnesota Businesses Need to Know for 2026
The Quick Answer For payments you make to contractors in 2026, you only need to issue a Form 1099-NEC once a contractor’s total for the year reaches $2,000. The old $600 threshold is gone. The change comes from the One Big Beautiful Bill Act, and it’s the first time the threshold has moved since 1954.…
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