Taxes / 1099-INT Forms

Each online bank prepares a 1099-INT statement for any accounts that have earned at least $10 in interest during the prior calendar year. To help you easily access all of your tax documents in one place, Max includes a helpful feature called Consolidated Tax Reporting.

Upon your request, Max will attempt to gather the 1099-INT statements for all of your linked online savings accounts and will deliver them to you by email in a single password-protected PDF file. Once delivered, you can print or forward your Consolidated Tax Report to your accountant by email. In addition, if your financial advisor is linked to your profile, you will have the option to CC them when retrieving your report. 

To retrieve your Consolidated Tax Report:

1. Log in to your Max Dashboard.
2. Click “Tax” at the top of the page (or via the navigation menu.)
3. Max will ask you to set a password for the PDF file. We recommend that you pick a password that you will be comfortable sharing with your tax preparer.
4. Click "Prepare My Consolidated Tax Report" to submit your request. Within an hour, you should receive an email containing a password-protected PDF file that includes all of the 1099-INT statements that Max was able to retrieve on your behalf.

Tax reports for the prior year are generally available beginning in February of the current year (i.e. tax reports for calendar year 2024 are available beginning in February 2025).

You can expect to receive an email from Max each year notifying you as soon as Consolidated Tax Reports are available.

Please note: Some banks choose to offer checking and savings accounts under different brand names so that they can offer preferential rates and terms to Max members. This means that the bank names on the 1099-INT statements that you receive may not match the brand names that appear on your Max Dashboard.