2026 Tax Changes for Tiny Teams: QBI, 1099s, and Section 179 Explained
Accounting Bookkeeping Taxation Small Business USA Section 179 QBI Deduction 1099 OBBBA If you run a U.S. small business with fewer than 10 employees, 2026 brings several tax changes worth understanding now—not just when tax season arrives. The One Big Beautiful Bill Act (OBBBA) changed rules affecting the Qualified Business Income (QBI) deduction, information reporting for certain business payments, and depreciation. At the same time, the Social Security wage base increased for 2026. For a small business owner, these changes can affect tax planning, contractor paperwork, equipment purchases, and bookkeeping. Here are four areas to put on your 2026 checklist. 1. The QBI Deduction Is Now Permanent The 20% Qualified Business Income deduction under Section 199A was originally introduced as a temporary provision. The OBBBA made it permanent for qualifying active trades or businesses. For 2026, the law also introduce...