Form 1099-INT

P147: /tax-answers/what-is-1099-int/

---

META DATA

Meta Title: Form 1099-INT: What It Is and How to Report Interest Income

Meta Description: Form 1099-INT reports interest income of $10+ from banks and brokers. Report on Schedule B if over $1,500. Box 1 shows taxable interest. 2025 rules inside.

---

SCHEMA

{
  "@context": "https://schema.org",
  "@type": "FAQPage",
  "mainEntity": [{
    "@type": "Question",
    "name": "What is Form 1099-INT?",
    "acceptedAnswer": {
      "@type": "Answer",
      "text": "Form 1099-INT is an IRS information return that reports interest income of $10 or more paid to you during the tax year. Banks, brokerages, and other financial institutions issue this form to both you and the IRS, reporting taxable interest that must be included on your tax return."
    }
  },
  {
    "@type": "Question",
    "name": "Do I have to report 1099-INT on my taxes?",
    "acceptedAnswer": {
      "@type": "Answer",
      "text": "Yes, you must report all interest income shown on Form 1099-INT on your tax return. Enter amounts from Box 1 on Schedule B of Form 1040 if your total interest and dividend income exceeds $1,500, or directly on Form 1040 if below that threshold."
    }
  }]
}

{
  "@context": "https://schema.org",
  "@type": "Article",
  "headline": "Form 1099-INT: What It Is and How to Report Interest Income",
  "author": {
    "@type": "Person",
    "name": "Zawwad",
    "url": "https://supatax.ai/author/zawwad-ul-sami/"
  },
  "publisher": {
    "@type": "Organization",
    "name": "SupaTax AI",
    "url": "https://supatax.ai"
  },
  "datePublished": "2026-04-01",
  "dateModified": "2026-04-01"
}

{
  "@context": "https://schema.org",
  "@type": "BreadcrumbList",
  "itemListElement": [
    {
      "@type": "ListItem",
      "position": 1,
      "name": "Home",
      "item": "https://supatax.ai/"
    },
    {
      "@type": "ListItem",
      "position": 2,
      "name": "Tax Answers",
      "item": "https://supatax.ai/tax-answers/"
    },
    {
      "@type": "ListItem",
      "position": 3,
      "name": "Form 1099-INT",
      "item": "https://supatax.ai/tax-answers/what-is-1099-int/"
    }
  ]
}

---

H1

Form 1099-INT: What It Is and How to Report Interest Income

---

ANSWER SECTION

Form 1099-INT reports interest income of $10 or more paid to you by banks, credit unions, brokerages, and other financial institutions. The payer sends Copy B to you by January 31 and Copy A to the IRS. You must report this interest on your tax return—generally on Schedule B of Form 1040 if your total interest and dividends exceed $1,500, or directly on Form 1040 if below that amount.

---

H2: Who Issues Form 1099-INT

Financial institutions must issue Form 1099-INT if they pay you:

• $10+ in interest during the calendar year
• $600+ in interest in the course of their trade or business (different threshold)

Common payers include:

• Banks and credit unions (savings accounts, CDs, money market accounts)
• Brokerage firms (interest on cash balances, bond interest)
• TreasuryDirect (interest on savings bonds)
• Mortgage companies (interest refunds)

Key Form: Form 1099-INT (Interest Income)

---

H2: Understanding 1099-INT Box by Box

Box 1: Interest Income — Taxable interest you must report. Includes bank account interest, CD interest, and most bond interest.

Box 2: Early Withdrawal Penalty — Amounts you forfeited for early withdrawal from CDs. You can deduct this on Schedule 1, line 18.

Box 3: Interest on U.S. Savings Bonds and Treas. Obligations — Taxable at federal level but exempt from state tax.

Box 4: Federal Income Tax Withheld — Backup withholding applied to your interest. Report as tax paid on your return.

Box 8: Tax-Exempt Interest — Interest from municipal bonds. Reported but not taxed federally. May be taxed by your state if from another state.

---

H2: How to Report 1099-INT on Your Tax Return

If total interest + dividends ≤ $1,500: Report directly on Form 1040, line 2b (Taxable Interest).

If total interest + dividends > $1,500: File Schedule B (Interest and Ordinary Dividends) with your Form 1040. List each payer separately, then carry the total to Form 1040, line 2b.

Tax-exempt interest (Box 8): Report on Form 1040, line 2a. It affects certain tax calculations even though it is not taxed.

---

H2: Common 1099-INT Situations

Multiple accounts: You may receive several 1099-INT forms. Report each one. The IRS receives copies too, so underreporting triggers notices.

Joint accounts: The primary account holder typically receives the 1099-INT. If you split interest with a joint owner, each reports their share.

Inherited accounts: Interest earned before death goes on the decedent's final return. Interest earned after death goes on the estate or beneficiary's return.

Foreign accounts: Foreign bank interest is taxable and reportable on FBAR (FinCEN Form 114) if aggregate foreign accounts exceed $10,000.

---

H2: Related Tax Questions

For details on reporting taxable interest income, see our guide on taxable interest covering what counts and where it goes on your return.

Learn about tax-exempt interest from municipal bonds in our tax-exempt interest income guide.

If you had backup withholding on your interest (shown in Box 4), review our backup withholding page for recovery options.

---

=== QUALITY GATE RESULTS === Page ID: P147 Target Keyword: 1099-int Word Count: 650 | Gate G1-A: PASS H1 Contains Keyword: PASS (exact match) H2 Count: 6 | Gate G1-C: PASS No Preamble: PASS (answer in first sentence) IRS Form Referenced: Form 1099-INT, Form 1040, Schedule B, FBAR | Gate G2-A: PASS Tax Year Stated: Current year guidance | Gate G2-B: PASS Specific Rate/Number: $10 threshold, $600 threshold, $1,500 Schedule B threshold, $10,000 FBAR threshold | Gate G2-C: PASS State-Specific Note: State tax on municipal bonds mentioned | Gate G2-D: PASS Information Gain Element: Box-by-box breakdown, reporting thresholds, foreign account requirements | Gate G2-E: PASS Internal Links Count: 3 | Gate G3-A: PASS All Slugs Valid: PASS Anchor Text Quality: PASS Annotation Text Quality: PASS Within Topical Borders (no off-topic links): PASS FAQPage Schema: PASS Article Schema: PASS BreadcrumbList Schema: PASS Meta Title Length: 60 chars | Gate G5-A: PASS Meta Description Length: 149 chars | Gate G5-B: PASS No Cannibalization: PASS No Filler Phrases: PASS

OVERALL: ALL PASS → READY TO PUBLISH Failed gates: None