Duke University Federal Credit Union will mail tax forms 1099-INT (interest income), 1099-R (IRA distributions) and 1098 (mortgage interest paid) on or before January 31, 2026.
Please note that, in accordance with IRS regulations, you will not receive a 1099-INT if you earned less than $10 in interest for the year, and you will not receive a 1098 if you paid less than $600 in mortgage interest for the year.
If you wish to determine the amount of interest paid on a particular mortgage or home equity account that did not meet the minimum interest threshold, view your December Statement (or the statement from the last month you paid interest if you paid off or closed the loan earlier in the year) and look for the Loan Interest YTD amount under the loan.
Changes for the 2025 Tax Season
- Due to recent tax law changes, interest paid on auto loans may be tax deductible. Only certain vehicles qualify for the deduction, which phases out at higher income levels, so please consult your tax advisor on the deductibility of auto loan interest.
· Because the law went into effect in the second half of 2025, auto lenders are not required to send an auto interest tax form until tax year 2026. You can determine the amount of interest paid on an auto loan by looking for the Loan Interest YTD on your December Statement (or the last month you paid interest if you paid off or closed the auto loan earlier in the year).
*For any income tax advice, please consult with your tax advisor.