Will I be provided with the proper tax forms?

Article author
Jennifer
  • Updated

For Acorns Invest & Early accounts 

For Later accounts

For Acorns Checking & Emergency Fund accounts 

For Referral & Earn rewards 

How will I get my tax forms from Acorns?

What do I do with the form I received from Acorns?

Yes, we'll provide you with the proper tax forms! There are several different kinds of tax forms you may receive from us, depending on how you use Acorns.

For Acorns Invest & Early accounts

If you have an Invest and/or Early account and 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

You can learn more about the 1099-DIV/B form here.

For Acorns Later accounts

If you're a Later investor and you made a withdrawal from your Later account last year, we'll email you a 1099-R form that lists those withdrawals by February 1, 2024.

You can learn more about the 1099-R form here.

If you made a contribution or rollover to your 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.

You can learn more about the 5498 form here.

For Acorns Checking & Emergency Fund accounts

If you have a Mighty Oak Checking and/or Emergency Fund account and you earned more than $10 in interest last year, you may be taxed. 

Currently, only our Mighty Oak accounts earn interest — you can learn more about our Mighty Oak debit card here. You'll need to have money saved in your Mighty Oak Checking and/or Emergency Fund account in order to earn interest  — any balance over $0 will earn interest.

If you did earn more than $10 in interest last year, we'll email you a link to download your 1099-INT form by February 1, 2024. You can learn more about the 1099-INT form here.

For Referrals & Earn rewards

If you earned more than $600 in referral bonuses or through Acorns Earn offers that didn’t require you to buy something, you'll receive a 1099-MISC form by January 31, 2024. 

You can learn more about the 1099-MISC form here.

How will I get my tax forms from Acorns?

We'll email you a link to download your tax forms when they're ready. Here's the full schedule for the different types of tax forms you may receive from Acorns this tax season, following the deadlines set by the IRS.

You can also check for tax forms under Settings. You'll be able to download your forms digitally as PDFs — we won't send the forms through the mail

You can also access your forms using our web app or mobile browser, even if you’ve closed your Acorns account. Please log in here and select 'Tax Reports' from the “Statements” dropdown menu. 

What do I do with the form I received from Acorns?

If you received a form, you may need to let the IRS know about the money you earned the previous year through Acorns when you file your taxes.

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.

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