Interest, Taxable and Non-taxable

A (relatively) brief video about interest income, when it's taxable and when it isn't, and how interest income is handled by the various states.  The video goes into what is on several boxes of an IRS Form 1099-INT, and where interest income is reported on a tax return.

Additional Resources and Information:

IRS Publication 17: "Your Federal Income Tax":  https://www.irs.gov/pub/irs-pdf/p17.pdf

IRS Form 1099-INT: "Interest": https://www.irs.gov/pub/irs-pdf/f1099...

IRS Schedule B: "Interest and Dividends": https://www.irs.gov/pub/irs-pdf/f1040...

investopedia.com: "How to Report Interest Income": https://www.investopedia.com/articles...

The Tax Geek on Twitter: @taxgeekusa

The Tax Geek on Reddit:  www.reddit.com/r/askataxgeek

Image Credits:
Pexels.com
Wikimedia Commons
      Kenneth C. Zirkel  CC-SA 4.0
     Joshua Doubek  CC-SA 4.0

The image of "Edwina" was generated by thispersondoesnotexist.com and any resemblance between her and any person, living or dead, is incidental and not intended.

Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library

Background and Outro Music: George Street Shuffle, Kevin McLeod, http://incompetech.com via YouTube Audio Library

DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please  consult with a qualified tax or investment professional.

The information in this video is current as of date of publication, and is subject to changes enacted by Congress or the IRS.

• #education
• #federal_income_taxes
• #interest_income
• #non_taxable_interest
• #tax_exempt_interest
• #us_savings_bonds