2022 Tax Reporting
File with ease this tax season.
2022 Tax Reporting
It’s tax season! In accordance with IRS guidelines, Sno Falls Members who meet the following criteria have been mailed the appropriate tax form*:
- Members who earned more than $10 in interest income for 2022 will receive a Form 1099-INT.
- Members who paid more than $600 in mortgage interest in 2022 will receive a Form 1098.
- Members who had a withdrawal from their IRA in 2022 will receive a Form 1099R.
*Sno Falls does not report interest income under $10 or mortgage interest paid under $600, however, Members may still report these figures on their taxes. 1st Mortgage loan interest statements will be generated by Midwest Loan Services (our Service provider)
Please note that Year End information on your Online Access may not reflect accurate Year End interest totals if you have closed any of your share or CD accounts in the 2022 tax year. Please use your IRS provided 1098 or 1099 INT documents for tax reporting purposes.
If you would like to obtain more information about your 2022 interest income or Home Equity interest payments, please log into Sno Falls mobile/online banking, email us at info@snofalls.com, or contact our Member Experience Team at (425) 888-4004.
Fraud is on the rise with more and more opportunities for scammers to take advantage of consumers. Visit our Security Center for quick tips on how to stay safe this tax season.
