Interest Income Statement (1099-INT) Information

An Interest Income Statement (1099-INT) is issued showing interest income that must be reported to the Internal Revenue Service. The statement should be received by January 31 following the tax year. The statement may include interest on Series HH/H bonds (Annual Interest Paid), interest deferred on Series EE/E, F, or J bonds (Accrued Interest Paid), and backup withholding (Federal Income Tax Withheld).

An explanation of the types of reporting follows. Series HH/H bond owners, co-owners, and individuals who cashed HH/H bonds can also access our free HH/H Internet Services to view the 1099-INT tax statement issued for the current tax year.

ANNUAL INTEREST PAID - This is interest paid during the calendar year on Series HH/H U.S. Savings Bonds and includes payments dated January 1 through December 1 of the calendar year. Interest is reportable as income for the period it's earned, and not when it's received. Interest income is exempt from state and local income taxes. The interest may or may not be subject to federal taxes. For further information on federal tax treatment of interest, see IRS Publication 550, "Investment Income and Expenses."

ACCRUED INTEREST PAID - Accrued interest was earned on accrual-type bonds (Series EE/E, F, and J).

Deferred interest - Did you cash Series HH/H bonds during the calendar year, reissue bonds in a reportable event, or own Series H bonds that reached final maturity? If so, when Series EE/E, F, or J bonds were exchanged for the Series HH/H bonds, the owner chose to defer (postpone) reporting the accrued interest earned on the Series EE/E, F, or J bonds until the Series HH/H bonds were disposed of. Now that the Series HH/H bonds have been cashed, reissued in a reportable event, or reached final maturity, the accrued interest is taxable.
Funds not used in an exchange - Did you exchange Series EE/E bonds for Series HH bonds during the calendar year? If so, was all the accrued interest earned on the Series EE/E bonds used toward the purchase of the Series HH/H bonds? If not, and funds were refunded to you to make the exchange an even $500 multiple, then the amount refunded is taxable.
Final payment of a matured bond(s) - Did you cash a Series F, G, J, or K bond during the calendar year? If so, the interest accrued on the bond is taxable.

FEDERAL INCOME TAX WITHHELD - This reflects tax withheld as backup withholding. If you didn't give your social security number to the payer, you're subject to backup withholding at the rate of 31 percent. See IRS Form W-9, Request for Taxpayer Identification Number and Certification, for information on backup withholding. Include this amount on your income tax return as tax withheld.

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Updated June 25, 2026