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1099-Nec Threshold 2025

1099-Nec Threshold 2025. You’ll use it to report payments to independent contractors who are not employees. In this article, we'll look at the.


1099-Nec Threshold 2025

For future years, this threshold would be tied to inflation. The irs is currently planning for a threshold of $5,000 for tax year 2024 (the taxes you file in 2025) as part of the phase in to implement the lower over $600 threshold enacted.

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