Form 1040a Or 1040 (Schedule B: Fill & Download for Free

(Speaking of US Federal Taxes)I assume that by “interest”, you mean interest from a bank deposit account. Sometimes people use “interest” to mean income from complex investment activities, which need to be reported on other forms.If you have over $1500 in interest, put it on Schedule B and copy the total copied to Form 1040EZ, 1040A, or 1040. Which form you use depends on many factors. You can use this page to select the correct form.If you have less thatn $1500, you can put the total interest directly on Form 1040EZ, 1040A, or 1040.It’s best to consult a qualified professional for tax advice.About Schedule B (Form 1040A or 1040), Interest and Ordinary Dividends

From the IRS website Tax reporting requirements:Schedule B (Form 1040A or 1040), Interest and Ordinary DividendsUse this schedule if any of the following applies.· You had over $1,500 of taxable interest or ordinary dividends.· You received interest from a seller-financed mortgage and the buyer used the property as a personal residence.· You have accrued interest from a bond.· You are reporting original issue discount (OID) in an amount less than the amount shown on Form 1099-OID.· You are reducing your interest income on a bond by the amount of amortizable bond premium.· You are claiming the exclusion of interest from series EE or I U.S. savings bonds issued after 1989.· You received interest or ordinary dividends as a nominee.You had a financial interest in, or signature authority over, a financial account in a foreign country or you received a distribution from, or were a grantor of, or transferor to, a foreign trust. Part III of the schedule has questions about foreign accounts and trusts.https://www.irs.gov/uac/about-schedule-b-form-1040

You may have to file a tax return. It will depend on if you have any earned income, interest, or dividend or self-employment income. This includes all income you receive in the form of money, goods, property, and services that isn't exempt from tax. It also includes income from sources outside the United States or from the sale of your main home (even if you can exclude all or part of it).Include part of your social security benefits if: 1. You were married, filing a separate return, and you lived with your spouse at any time during 2016; or 2. Half of your social security benefits plus your other gross income and any tax-exempt interest is more than $25,000 ($32,000 if married filing jointly). If either (1) or (2) applies, see the instructions for Form 1040 or 1040A, or Pub. 915, Social Security and Equivalent Railroad Retirement Benefits, to figure the social security benefits you must include in gross income.It may also be to your advantage to file a tax return if any withholding was withheld or you qualify for any Refundable Credits. You may want to refer to information to see if you must file or qualify: Even if you don't have to file, you should file a federal income tax return to get money back if any of the following conditions apply. 1. You had federal income tax withheld or made estimated tax payments. 2. You qualify for the earned income credit. See chapter 36 for more information. 3. You qualify for the additional child tax credit. See chapter 34 for more information. 4. You qualify for the premium tax credit. See chapter 37 for more information. 5. You qualify for the health coverage tax credit. See chapter 38 for more information. 6. You qualify for the American opportunity credit. See chapter 35 for more information. 7. You qualify for the credit for federal tax on fuels. See chapter 38 for more information.http://www.irs.gov/pub/irs-pdf/p17.pdf page 8Other Situations When You Must File a 2016 Return:You must file a return if any of the five conditions below apply for 2016.1. You owe any special taxes, including any of the following. a. Alternative minimum tax. b. Additional tax on a qualified plan, including an individual retirement arrangement (IRA), or other tax-favored account. But if you are filing a return only because you owe this tax, you can file Form 5329 by itself. c. Household employment taxes. But if you are filing a return only because you owe this tax, you can file Schedule H by itself. d. Social security and Medicare tax on tips you didn't report to your employer or on wages you received from an employer who didn't withhold these taxes. e. Recapture of first-time home-buyer credit. f. Write-in taxes, including uncollected social security and Medicare or RRTA tax on tips you reported to your employer or on group-term life insurance and additional taxes on health savings accounts. g. Recapture taxes.2. You (or your spouse, if filing jointly) received health savings account, Archer MSA, or Medicare Advantage MSA distributions.3. You had net earnings from self-employment of at least $400.4. You had wages of $108.28 or more from a church or qualified church-controlled organization that is exempt from employer social security and Medicare taxes.5. Advance payments of the premium tax credit were made for you, your spouse, or a dependent who enrolled in coverage through the Marketplace.