It's that time of year again, folks! Get ready for the arrival of Form 1099s in January, detailing any interest, bank bonuses, or referral rewards you earned throughout the year. Think of it as a report card from the IRS, telling you what income needs to be reported. This year's discussion thread will cover 2025 tax forms, which come out early 2026.

Why should you care? Because accuracy matters! The discussion thread will help you keep an eye out for these forms, spot any errors, and understand what income (even from those sweet credit card bonuses) needs to be reported, even if you don't receive a form. Remember those Chase Ultimate Rewards points that were once valued at a dollar each for tax purposes? Staying informed can save you from potential headaches with the IRS.

Keep in mind a couple of key thresholds to consider: You'll only receive a 1099-K if you had over $20,000 in revenue AND 200+ transactions and a 1099-MISC for payments over $2,000. Ultimately, this post is meant to prepare you and keep you informed. Awardtrail always recommends consulting with a tax professional for personalized advice!