{"id":1198,"date":"2025-09-17T19:55:11","date_gmt":"2025-09-17T19:55:11","guid":{"rendered":"https:\/\/belbolcpa.com\/blog\/?p=1198"},"modified":"2025-09-17T19:55:12","modified_gmt":"2025-09-17T19:55:12","slug":"1099-reporting-changes","status":"publish","type":"post","link":"https:\/\/belbolcpa.com\/blog\/1099-reporting-changes\/","title":{"rendered":"1099 Reporting Changes"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"724\" height=\"483\" src=\"https:\/\/belbolcpa.com\/blog\/wp-content\/uploads\/2025\/09\/10-10-2025-iStock-2195199346.jpg\" alt=\"\" class=\"wp-image-1199\" srcset=\"https:\/\/belbolcpa.com\/blog\/wp-content\/uploads\/2025\/09\/10-10-2025-iStock-2195199346.jpg 724w, https:\/\/belbolcpa.com\/blog\/wp-content\/uploads\/2025\/09\/10-10-2025-iStock-2195199346-300x200.jpg 300w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The One Big Beautiful Bill Act changed reporting thresholds for 1099 reporting as follows:<\/p>\n\n\n\n<p><strong>1099-NEC &amp; 1099-MISC<\/strong><\/p>\n\n\n\n<p>The threshold changed from $600 to $2,000 for payments made after December 31, 2025. This amount will be indexed for inflation thereafter.<\/p>\n\n\n\n<p><strong>1099-K<\/strong><\/p>\n\n\n\n<p>The 1099-K reporting threshold has been increased from $600 to $20,000 and more than 200 transactions, which was the previous threshold before the American Rescue Plan Act of 2021. This is effective for tax year 2025.<\/p>\n\n\n\n<p>Although the thresholds have changed, state reporting requirements may differ. For example, NJ\u2019s threshold for 1099-K reporting is currently $1,000.<\/p>\n\n\n\n<p><em>And if you like what you just read, then don\u2019t hesitate to forward to your friends, and\/or click \u201cLike\u201d on LinkedIn!<\/em><\/p>\n\n\n\n<p><strong>Make sure to subscribe to our weekly emails to receive practical business, financial and tax strategies! <\/strong><a href=\"https:\/\/www.belbolcpa.com\/newsletter-signup.htm?\"><strong>Sign Up Now!<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The One Big Beautiful Bill Act changed reporting thresholds for 1099 reporting as follows: 1099-NEC &amp; 1099-MISC The threshold changed from $600 to $2,000 for payments made after December 31, 2025. This amount will be indexed for inflation thereafter. 1099-K The 1099-K reporting threshold has been increased from $600 to $20,000 and more than 200 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[287,2,3,208,247,7,8,10,285,15,18],"tags":[],"class_list":{"0":"post-1198","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-accounting","7":"category-budgeting","8":"category-business","9":"category-economy","10":"category-employees","11":"category-expenses","12":"category-financial","13":"category-investments","14":"category-irs","15":"category-new-jersey-tax","16":"category-taxes","17":"entry"},"_links":{"self":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/comments?post=1198"}],"version-history":[{"count":1,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1198\/revisions"}],"predecessor-version":[{"id":1200,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1198\/revisions\/1200"}],"wp:attachment":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/media?parent=1198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/categories?post=1198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/tags?post=1198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}