If you freelance or work gig jobs, you're probably used to gathering a handful of 1099 forms each spring. That part of tax season isn't going away, but starting in 2026, how those forms get issued will change. The new Federal Tax Bill (OBBBA) updates the reporting rules for businesses that pay freelancers and independent contractors, raising the threshold for when they must issue a Form 1099-NEC or 1099-MISC. Here's what those changes mean, as well as what hasn't changed at all when it comes to reporting your income.