A 1099-INT tax form is a record of the income you earned from interest. If you earned more than $10 in interest in an account over the course of a year, you may receive a 1099-INT form.
When will I receive my 1099-INT tax form?
The bank will mail you your 1099-INT report during tax season. Keep in mind that you’ll only receive a 1099-INT if you earned more than $10 in interest in a given tax year.
Is earned interest from a savings account taxable?
Generally, the interest earned on savings accounts is considered taxable income. Please talk to your tax advisor to understand your specific tax filing requirements.
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