Increase in Threshold for Requiring Information Reporting With Respect to Certain Payees; Extension and Modification of Limitation on Wagering Losses

What it does

This document contains proposed amendments relating to the dollar thresholds in regulations governing information reporting for payments made in the course of a trade or business and the corresponding backup withholding regulations. This document also contains proposed amendments to the regulations governing wagering losses. The proposed regulations reflect recent changes to the statutory law. These changes will affect persons who make payments in the course of their trade or business and those persons claiming a deduction for wagering losses.

The Internal Revenue Service's summary, as published in the Federal Register.

What it would change

2 parts of Title 26 of the Code of Federal Regulations:

26 CFR 1, 26 CFR 31

Before this

No earlier Federal Register document under regulation identifier 1545-BR73 since Jan. 1, 2025.

Since then:

• July 2, 2026 Notice of proposed rulemaking; notice of hearing. Increase in Threshold for Requiring Information Reporting With Respect to Certain Payees; Extension and Modification of Limitation on Wagering Losses; Hearing

What happens next and when

Electronic or written comments and requests for a public hearing must be received by June 16, 2026.

The agency's dates, word for word.

Check it yourself

• The document in the Federal Register
• Docket IRS-2026-0463 on Regulations.gov
• Title 26 on eCFR

The record as published

Source: the Federal Register (public domain). The document in the Federal Register