eFile 1099-NEC Now Watch How to eFile?
# of Forms 1-20 21-150 151-250 251-500 501-1000 1000+
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OBBBA Updates

For payments made in 2026 (reported in 2027), the federal Form 1099-NEC reporting threshold for nonemployee compensation increases from $600 to $2,000. However, backup withholding must be reported on Form 1099-NEC even when the payment is below the reporting threshold.

Additionally, note that Form 1099-NEC e-filing for tax year 2026 will be handled through IRIS, as FIRE is retired for the 2027 filing season.