What is a 1099-INT tax form?
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.
*Stride Savings LLC is a financial technology company and is not a bank. Banking services are provided by i3 Bank, Member FDIC. The Stride Mastercard Debit Card is issued by i3 Bank pursuant to a license from Mastercard, Inc. and may be used anywhere Mastercard cards are accepted.
Comments
0 comments
Article is closed for comments.