How do taxes work?
Written by Jeff Johnson
Updated over a week ago

Since the interest isn’t technically “interest” - it’s a “savings reward” coming from Yotta, As long as you earn less than $600, we don’t report anything. It’s up to you to report the income.

If you earn over $600 in a year from Yotta (savings rewards plus prizes) then we are required to report the income you earned to the IRS.

Our federal tax is id 35-2675262.

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