At Hingham Savings, we provide the necessary tax forms for your interest-bearing accounts, IRAs, and mortgages. Please review the schedule and delivery methods below.
Delivery & Timing
Most tax documents are mailed to the address on file by the end of January.
Go Paperless: If you are enrolled in eStatements and Notices, you will not receive a hard copy in the mail. Your forms will be available exclusively through Online Banking.
The 5498 Exception: Form 5498 (IRA Contributions) is sent out in May. This allows for contributions made up until the tax filing deadline to be included. This form is for your records only and is not required to file your taxes.
How to Access Forms Online
If you are enrolled in eStatements, you can access forms 1099-INT, 1099-R, and 1098 via Personal or Business Online Banking:
Log into your online banking profile.
Select the specific account you wish to view.
Click on Documents.
Select View Associated Notices & Year End Tax Forms.
Common Tax Forms
1099-INT (Interest Income) This form reports interest earned on your Savings, Money Market, or Certificate of Deposit (CD) accounts.
Threshold: You will only receive a 1099-INT if you earned $10 or more in interest.
Multiple Accounts: If you have multiple interest-bearing accounts, you may receive more than one form.
1098 (Mortgage Interest Statement) This form reports the interest and/or real estate tax escrow payments you made on your mortgage(s) during the previous year.
1099-R (Distributions From IRAs) This form reports any distributions taken from your IRA account(s) during the tax year.
5498 (IRA Contribution Information) This reports your total IRA contributions for the year. As noted above, this arrives in May and is not required to file your taxes.
Still have questions? Please contact our team at 781-749-2200 or visit your local branch.