Reposting 1/26/25 as the 2024 tax forms are now available
Original Post 2/22/24:
Your Form 1099-INT for interest earned from I Bonds must be downloaded directly on the Treasury Direct website and is not sent in the mail. The process also works differently than all other bank-issued 1099 forms out there.
We mentioned this briefly in our main 1099 page for 2023, and a reader mentioned this as something worth highlighting given its broad impact among our readers.
To find your 1099: login at Treasurydirect.gov > choose the ManageDirect tab > Manage My Taxes, choose year 2023 > choose ‘View your 1099 for tax year 2023’. (Be sure never to click the ‘back’ button when using Treasury Direct since they then will get logged out and will need a new login process.)
There will be a page detailing your earned interest for the 2023 calendar year. It won’t be in the standard pdf format like most banks do – simply print out or save that page of information, as you would with any other 1099. Below is the video from the IRS website describing the process:
All of the interest is typically reported in the year you cashed-out the I Bond. Also worth noting that I Bonds and US Treasuries only pay federal taxes; they are exempt from state and local taxes.
