Thresholds are based on IRS reporting requirements and apply to all funds paid to a payee throughout the calendar year, not to individual payment transactions.
| Payment Type | Through Calendar Year 2025 | Calendar Year 2026 - Present |
| Gross proceeds paid to an attorney in connection with legal services | $600 | $600 |
| Royalties | $10 | $10 |
| All other income/payments | $600 | $2,000 |
These thresholds may be subject to annual indexing for inflation beginning in reportable year 2027. University policies, forms, and websites will be updated or linked to this page to reflect annual federal reporting thresholds. If any university policy or webpage is not yet updated, the IRS reporting requirements will govern.