section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting calendar year 2017 for calendar year 1992 in subparagraph (B) thereof. (i) Rounding If any dollar amount in subsection (a) (after being increased under subsection (g)) is not a multiple of $100, such dollar amount shall be rounded to the nearest multiple of $100. . (3) Conforming amendment The heading of subsection (a) of section 6041 of such Code is amended to read as follows: Payments exceeding threshold. . (b) Increasing the dollar limit for remuneration for services and direct sales (1) In general Paragraph (2) of section 6041A(a) of the Internal Revenue Code of 1986 is amended by striking $600 and inserting $1,500 . (2) Inflation adjustment Section 6041A of such Code is amended by adding at the end the following new subsections: (g) Inflation adjustment In the case of any taxable year beginning in a calendar year after 2018, the dollar amount in subsection (a)(2) shall be increased by an amount equal to— (1) such dollar amount, multiplied by (2) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting calendar year 2017 for calendar year 1992 in subparagraph (B) thereof. (h) Rounding If any dollar amount in subsection (a)(2) (after being increased under subsection (g)) is not a multiple of $100, such dollar amount shall be rounded to the nearest multiple of $100. . (c) Decreasing the dollar threshold required for filing a 1099–K