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# of Forms 1-20 21-150 151-500 501-1000 1000+
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OBBBA Updates

For 2026 payments reported in 2027, some Form 1099-MISC reporting thresholds increase from $600 to $2,000, including rents, medical and health care payments, and certain other income categories. Not every 1099-MISC threshold changes: royalties remain $10, gross proceeds paid to attorneys remain $600, fish purchases for resale remain $600, and backup withholding must still be reported regardless of the payment amount.