The 1099-NEC (Non-Employee Compensation) replaced the 1099-MISC Box 7 for reporting payments to independent contractors. If you paid a freelancer, consultant, or other non-employee $600 or more during the year, you must file a 1099-NEC by January 31st. For the recipient, 1099 income is subject to self-employment tax (15.3%) in addition to regular income tax, with no automatic withholding — quarterly estimated tax payments are usually required.
Generate a paystub showing Form 1099-NEC clearly with our free paystub generator, or browse the full payroll glossary (44+ terms explained).
This paystub generator is a simulation/mockup tool for personal record-keeping and verification purposes only.