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Updated 1099 Reporting Thresholds and Effective Dates
September 11, 2025
Q. I was informed that the threshold for 1099 reporting will be changed to $2,000. I would like to request for more information/clarification on this change and if this will be covered in future IOFM 1099 webinars.
A.
(Answered by IOFM's third-party tax expert)
The threshold for 2025 payments is still $600. It changes to $2,000 for 2026, and then will increase with inflation in 2027 and beyond. Yes, all IOFM materials have been updated to reflect this. One important note is (to repeat) — $600…
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Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
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