Is joining bonus from First Tech Federal Credit Union Taxable in Tennessee ?

ashutosh_k_sah · ‎March 16, 2021

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.

DMarkM1 · ‎March 16, 2021

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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DMarkM1 · ‎March 16, 2021

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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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Is joining bonus from First Tech Federal Credit Union Taxable in Tennessee ?