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

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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DMarkM1
Expert Alumni

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

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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1 Reply
DMarkM1
Expert Alumni

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

It appears you are correct.  According to the Hall Tax Guide from TN, "Interest and Dividends from Credit Unions" is non-taxable. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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