Form 1099-INT reports interest income of $10 or more earned from banks, savings accounts, or investments. The recipient deadline for tax year 2025 is February 2, 2026.
Form 1099-INT Recipient Deadline: February 2, 2026. Call +1-866-513-4656
Form 1099-INT is used by banks, credit unions, and other financial institutions to report interest income of $10 or more. Proper reporting is important for accurate tax filing and to avoid IRS notices or penalties.
What Is Form 1099-INT?
Form 1099-INT reports interest income from:
- Savings accounts
- Checking accounts
- Certificates of deposit (CDs)
- Bonds or other investments
The form includes the total interest paid and any federal income tax withheld. For official guidance, see IRS Form 1099-INT Instructions.
1099-INT Recipient Deadline for 2026
For tax year 2025:
- Recipient copy deadline: February 2, 2026
The January 31 standard deadline moves to the next business day if it falls on a weekend.
Who Issues and Who Reports Form 1099-INT?
- Banks and financial institutions issue Form 1099-INT
- Taxpayers report the interest income on Form 1040, Schedule B if required
Taxpayers do not file the form itself, but must include the income on their tax return. For detailed rules, see IRS Publication 550 – Investment Income.
Is All Interest Income Taxable?
Generally yes. Most interest is taxable at the federal level. Some exceptions include:
- Interest on municipal bonds (may be tax-exempt)
- Certain interest on U.S. savings bonds used for qualified education expenses
Always check for exemptions to avoid over-reporting.
FAQs: Form 1099-INT
1. Do I have to file Form 1099-INT?
No, the bank files it. You report the income on your tax return.
2. What if I didn’t receive Form 1099-INT?
Contact your bank if you earned $10 or more in interest.
3. What happens if I ignore Form 1099-INT?
The IRS may send an underreported income notice and assess penalties.
4. Can Form 1099-INT be wrong?
Yes. Verify interest amounts and tax withheld, and contact the issuer if corrections are needed.
Get Help With Form 1099-INT
Interest income reporting can be straightforward, but mistakes can trigger IRS notices. Professional help ensures accurate reporting and peace of mind.
Call +1-866-513-4656 for assistance with Form 1099-INT reporting, IRS compliance, and resolving notices.
Final Note
If you receive Form 1099-INT, take it seriously. The recipient deadline is February 2, 2026, and accurate reporting protects you from IRS penalties.
Call +1-866-513-4656 today for trusted tax support.
