Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season ... education savings account (CESA) for education expenses, you'll receive this form to document that income.
The IRS treats interest earned on money in a savings account as taxable income. Your financial institution issues a 1099-INT form if you earned at least $10 in interest in the previous tax year.
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