Once you receive Form 1099-INT, review it carefully to ensure all information is accurate, including your name, taxpayer identification number (TIN), and the interest amount reported.

Some 1099 Money Isn’t Taxable There are some situations in which money reported on a 1099 form is not taxable, so you’ll need to be careful when you put the numbers in your return.

A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $5,000.

Form 1099-INT reports interest income received by taxpayers. Financial institutions, including banks and brokerage firms, must issue Form 1099-INT for interest exceeding $10 paid in a given year.

Not sure what an IRS 1099 tax form is? Don't worry, we'll run you through them all.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

Form 1099-R is an IRS tax form used to report distributions from annuities, profit-sharing plans, retirement plans, or insurance contracts.

I bonds are subject to taxation but only at the federal level — and they may be exempt if their proceeds are used to pay for higher education.