Today’s column4 min read
The 2027 Tax Numbers Are Out: What Changes for 1099s, Equipment and the QBI Deduction
The IRS posted its annual inflation adjustments for tax year 2027. For small businesses, the headline is quieter than the brackets: the 1099 filing line moves to $2,100, Section 179 expensing rises and the QBI income limits climb.
The short to-do list
- For payments you make in 2026, the 1099 reporting line is $2,000, not the old $600; tally contractor totals against that number when you close the year [3, 4].
- Starting with payments in calendar year 2027, the line moves to $2,100, so update any vendor-tracking spreadsheet or software rule in January [2].
- If your 2027 taxable income could land between $208,300 and $283,300 (single) or $416,600 and $566,600 (joint), ask your preparer how the QBI wage and property limits or the service-business phase-out would hit you [2, 5].
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