Updated October 11th, 2023

Is my interest taxable?

The interest you earn with Tellus is subject to federal and state income tax where applicable. Any interest exceeding $10 in a year will be reported to the IRS.

At the beginning of the following year, we'll make your 1099-INT tax form available in the app, which you can use to file your taxes. Tellus interest is taxed as ordinary income, not capital gains.

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