The $600 Threshold’s Long Goodbye

The $600 reporting threshold for 1099s has been with us since 1954 — older than Elvis and untouched by inflation. But starting with 2026 payments, it’s finally changing to $2,000 and will be indexed going forward.In this episode, host Jason Dinesen — The 1099 Guy — explains why the threshold lasted so long, what’s changing under the Big Beautiful Bill, and what steps accounting and finance professionals should take to prepare.You’ll learn:The history and legal background of the $600 ruleHow and when the new $2,000 threshold appliesWhat forms and transactions are affectedHow to prepare your systems for annual updatesInformation Return Intelligence delivers practical insights for accounting and compliance professionals who work with 1099s, 1042-S, and other information returns — helping you stay compliant, confident, and a step ahead.