10/15/2026
There’s an important 1099 update for 2026. 🧾
For certain business payments, including nonemployee compensation reported on Form 1099-NEC, the federal reporting threshold increased from $600 to $2,000 for payments made in 2026.
If your practice pays contract providers (massage therapists, PTs, associate clinicians) or other independent contractors, the new threshold may change who gets a 1099-NEC for 2026 payments. The simplest prep: collect W-9s now and make sure contractor payments are coded consistently in QuickBooks.
But here’s an important reminder:
A reporting threshold does not determine whether income is taxable.
If you earn taxable business income, you’re generally responsible for accurately tracking and reporting it — even if you don’t receive a 1099 for that income.
Good recordkeeping matters. Keeping your books accurate and up to date throughout the year can make it much easier to know what came in, what went out, and what information you need when tax season arrives.
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