<prompt> Human: I earned about 650 in bank account bonuses for creating new checking accounts with three different banks at the beginning of last year.The largest was 250 with one bank. Reading some other posts on PF, people mentioned getting form 1099s for bonuses like these. I havent received one yet, but I already filed my taxes last month when I got my W-2.Do I need to amend my returns for these amounts? Are these small enough that it wont matter?  <response>: The way it works is this:If you earned a bonus and dont have to spend anything to earn it, it will be considered interest and you should receive a 1099 to include it on your taxes. If you earned a bonus and you needed to spend something to earn the bonus, it is considered a discount on the purchases and is not considered income by the IRS. The deciding factor is whether or not you had to spend money to earn the bonus. This is why Credit Card bonuses spend X to earn Y are not considered income. For checking account bonuses, it depends on the terms of the promotion. For example, Chase does not have a spend requirement on their checking account bonuses, so they are considered interest and result in 1099 forms. It just depends on the promotion. 