Depends on your age and filing status whether or not you need to file a tax return since the interest earned is taxable income.
For tax year 2019 -
@Jones2 wrote:
My file status is single and the interest was 12 dollars.
Then no tax return needs to be filed.
Ok thank you 🙂
So to clarify even though I am required to report any interest on a savings account over 10 dollars. I don't have to report it because my income is beneath the poverty line?
IF you file a tax return you are required to report all interest, even if it's less than $10. But you are not required to file a tax return if your gross income is below the filing threshold, even if you have some income that you would have to report if you did file a tax return.
The filing threshold is not the same as the poverty line.