Taxes

What Is a 1099 Form?

Form 1099 is a family of US information returns that report income other than wages. Form 1099-NEC reports payments to independent contractors; other versions report interest (1099-INT), dividends (1099-DIV), and more. Tax is generally not withheld on 1099 income, so the recipient is responsible for paying it.

Taxes on 1099 Income

Self-employed recipients may owe both income tax and self-employment tax and often make quarterly estimated tax payments.

Common 1099 Types

1099-NEC (nonemployee compensation), 1099-MISC (miscellaneous income such as rents), 1099-INT (interest), 1099-DIV (dividends), 1099-B (brokerage sales), and 1099-K (payment card and third-party network transactions). Each reports a different kind of income to both the recipient and the IRS.

🧮 Calculate It Yourself

Put Form 1099 into practice with these free calculators — no sign-up, nothing stored.

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🔗 Related Terms

Independent Contractor Self-Employment Tax Estimated Taxes Form W-2

More Taxes Terms

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Last updated: September 27, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.