Sunday, March 16, 2025

How To Discover Kind 1099-INT From Treasury Direct (I Bond Taxes)

Reposting 1/26/25 because the 2024 tax varieties at the moment are obtainable

Authentic Put up 2/22/24:

Your Kind 1099-INT for curiosity earned from I Bonds have to be downloaded instantly on the Treasury Direct web site and isnโ€™t despatched within the mail. The method additionally works in another way than all different bank-issued 1099 varieties on the market.

We talked about this briefly in our foremost 1099 web page for 2023, and a reader talked about this as one thing value highlighting given its broad affect amongst our readers.

To search out your 1099: login at Treasurydirect.gov > select the ManageDirect tab  > Handle My Taxes, select 12 months 2023 > select โ€˜View your 1099 for tax 12 months 2023โ€™. (Ensure by no means to click on the โ€˜againโ€™ button when utilizing Treasury Direct since they then will get logged out and can want a brand new login course of.)

There shall be a web page detailing your earned curiosity for the 2023 calendar 12 months. It receivedโ€™t be in the usual pdf format like most banks do โ€“ merely print out or save that web page of knowledge, as youโ€™d with another 1099. Beneath is the video from the IRS web site describing the method:

The entire curiosity is often reported within the 12 months you cashed-out the I Bond. Additionally value noting that I Bonds and US Treasuries solely pay federal taxes; theyโ€™re exempt from state and native taxes.

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