If you haven't received a tax form from Acorns this year, the first step is to check the full schedule for the different types of forms you may receive from us this tax season.
We send out your 1099 and other forms according to the schedule the IRS sets each year. We’ll email you when it's time to download your forms, or you can check for tax forms under Settings.
It's also possible that you won't be receiving a tax form from us at all this year. If you don't receive a form by the deadline, it's because your Acorns account activity didn't meet the minimum requirements set by the IRS. What this means is we're not required to report that activity to the IRS, and you don't need to include the form when you're filing your taxes.
If you think you should have received a tax form from Acorns and haven't, please contact us.
Which tax forms does Acorns provide?
1099-MISC: January 31, 2024
The 1099-MISC form covers miscellaneous "other income" you earned last year, such as referral bonuses or certain types of Earn Rewards. But if you don't receive a tax form, it's probably because:
- You earned less than $600 in referral bonuses. If you earned more than $600, you'll receive a 1099-MISC form by January 31, 2024.
- The IRS may not tax all Earn Rewards. What this means is you may not be issued a 1099-MISC for some or all of the Earn Rewards you received.
You can learn more about the 1099-MISC form here.
1099-INT: February 1, 2024
If you earned more than $10 in interest through your Mighty Oak Checking and/or Emergency Fund accounts, you'll receive your 1099-INT by February 1, 2024.
You'll need to have money saved in your Mighty Oak accounts in order to earn interest — any balance over $0 will earn interest.
If your Checking or Emergency Fund accounts don't earn interest, or you didn't earn at least $10 in 2023, you won't receive a 1099-INT form.
You can learn more about the 1099-INT form here.
1099-R: February 1, 2024
If you're an Acorns Later investor and you made a withdrawal from your Later account last year, you'll receive a 1099-R form that lists those withdrawals by February 1, 2024.
If this doesn't apply to you, you won't receive a 1099-R form.
You can learn more about the 1099-R form here.
1099-DIV/B: February 21, 2024
If any of the following apply to you, you'll receive your 1099-DIV/B form by February 21, 2024:
- You received more than $10 in dividends in the previous year
- You withdrew from your Acorns Invest or Early account or sold some of your investments for more than $20 last year
- There were rebalances in one or more of your Acorns investing accounts
If this doesn't apply to you, you won't receive a 1099-DIV/B form.
You can learn more about the 1099-DIV/B form here.
5498: May 31, 2024
If you made a contribution or rollover to your Acorns Later account during the tax year, you’ll get a 5498 form by May 31, 2024. You won’t need to use this form when you file your taxes. It’s just for your records.
If this doesn't apply to you, you won't receive a 5498 form.
You can learn more about the 5498 form here.
Important tax information
Your tax situation is unique, you may want to talk to a tax professional or visit www.irs.gov to figure out what applies to you and what you may need to report.
Acorns doesn't provide tax advice, but if you have any questions or concerns about your account, please contact us.