Line 2b

Taxable Interest

Each payer should send you a Form 1099-INT Interest Income or Form 1099-OID Original Issue Discount.
Enter your total taxable interest income on line 2b. But you must fill in and attach Form 1040 (Schedule B) Interest and Ordinary Dividends if the total is over $1,500 or any of the other conditions listed at the beginning of the Schedule B instructions applies to you.
For more details about reporting taxable interest, including market discount on bonds and adjustments for amortizable bond premium or acquisition premium, see Publication 550 Investment Income and Expenses (Including Capital Gains and Losses).
Interest credited in 2024 on deposits that you couldn't withdraw because of the bankruptcy or insolvency of the financial institution may not have to be included in your 2024 income. For details, see Publication 550 Investment Income and Expenses (Including Capital Gains and Losses).
TAX TIP. If you get a 2024 Form 1099-INT for U.S. savings bond interest that includes amounts you reported before 2024, see Publication 550 Investment Income and Expenses (Including Capital Gains and Losses).

Last reviewed or updated July 1, 2025 at 3:39AM by administrator.