https://ttlc.intuit.com/community/taxes/discussion/do-i-have-to-report-20-interest-bank-income-i-received-1099-int-and-if-yes-can-i-still-use-turbotax/01/2843524#M1036680 Mon, 23 Feb 2026 09:46:42 GMT lmassih 2026-02-23T09:46:42Z https://ttlc.intuit.com/community/taxes/discussion/do-i-have-to-report-20-interest-bank-income-i-received-1099-int-and-if-yes-can-i-still-use-turbotax/01/2843524#M1036680 Mon, 23 Feb 2026 09:46:42 GMT https://ttlc.intuit.com/community/taxes/discussion/do-i-have-to-report-20-interest-bank-income-i-received-1099-int-and-if-yes-can-i-still-use-turbotax/01/2843524#M1036680 lmassih 2026-02-23T09:46:42Z https://ttlc.intuit.com/community/taxes/discussion/re-do-i-have-to-report-20-interest-bank-income-i-received-1099-int-and-if-yes-can-i-still-use/01/2843557#M1036696 <P>Yes if you don't need the Sch B and $20 doesn't ....</P><P>&nbsp;</P><P><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="free return list.jpg" style="width: 737px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/33112i1A860524C3CE3390/image-size/large?v=v2&amp;px=999" role="button" title="free return list.jpg" alt="free return list.jpg" /></span></P><P>&nbsp;</P><P>&nbsp;</P><P><SPAN>If your AGI is $73,000 or less you can probably use&nbsp;</SPAN><A href="https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free" target="_blank" rel="noopener"><SPAN>IRS Free File</SPAN></A><SPAN>.</SPAN></P> Mon, 30 Jan 2023 02:05:16 GMT https://ttlc.intuit.com/community/taxes/discussion/re-do-i-have-to-report-20-interest-bank-income-i-received-1099-int-and-if-yes-can-i-still-use/01/2843557#M1036696 Critter-3 2023-01-30T02:05:16Z https://ttlc.intuit.com/community/taxes/discussion/re-do-i-have-to-report-20-interest-bank-income-i-received-1099-int-and-if-yes-can-i-still-us/01/2843564#M1036701 <P>Yes, you have to report the $20 of interest you received from your bank. &nbsp;And yes, you can still use TurboTax Free Addition, if you otherwise qualify to use it. &nbsp;</P> <P>&nbsp;</P> <P><STRONG>TurboTax Free will handle the following situations (assuming no added tax complexity):</STRONG></P> <UL> <LI>W-2 income</LI> <LI>Limited interest and dividend income reported on a 1099-INT or 1099-DIV</LI> <LI>IRS standard deduction</LI> <LI>Earned Income Tax Credit (EIC)</LI> <LI>Child tax credits</LI> <LI>Student loan interest deduction</LI> </UL> Mon, 30 Jan 2023 02:10:40 GMT https://ttlc.intuit.com/community/taxes/discussion/re-do-i-have-to-report-20-interest-bank-income-i-received-1099-int-and-if-yes-can-i-still-us/01/2843564#M1036701 DavidD66 2023-01-30T02:10:40Z