I received had received a joining bonus while joining First Tech Credit Union as part of a promotion. I recently received an 1099-INT (Interest Income) from First Tech Federal Credit Union.
Is the joining bonus taxable in Tennessee ? I have read that interests or dividends from credit unions are nontaxable.
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It appears you are correct. According to the Hall Tax Guide from TN, "Interest and Dividends from Credit Unions" is non-taxable.
It appears you are correct. According to the Hall Tax Guide from TN, "Interest and Dividends from Credit Unions" is non-taxable.
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