I hope the previous respondent doesn't do anyone's taxes!! If a financial institution (and I've worked for several) is not required to report any interest under $10 to the IRS why would a taxpayer be required to report it! That is just ludicrous! Where would the IRS get the information from? Obama? Seriously, that would make financial institutions party to tax evasion and would put citizens at risk of audits, and would leave banks subject to fines. Are you kidding me Mr Tom Young? YOU DO NOT REPORT INTEREST earned under $10 period, because the banks do not report it. And it is NOT AGGREGATE it is PER ACCOUNT. If you have 3 savings accounts and each earned $9.99 cents, you DO NOT REPORT IT-PERIOD!
