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IRS.gov Website
Instructions for Form 1040-EZ
taxmap/instr/i1040ez-017.htm#en_us_publink12063zd0e2226circle2

Line 2, Taxable Interest(p12)

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If you received interest payments, you should receive a Form 1099-INT or Form 1099-OID from each payer. Report all of your taxable interest income on line 2 even if you did not receive a Form 1099-INT or 1099-OID. If you are filing a joint return, also include any taxable interest received by your spouse.
Include interest received on amounts deposited with banks, savings and loan associations, credit unions, or similar organizations. If interest was credited in 2016 on deposits that you couldn't withdraw because of the bankruptcy or insolvency of the financial institution, you may be able to exclude part or all of that interest from your 2016 income. But you must use Form 1040A or 1040 to do so. See Pub. 550 for details.
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For more information on interest received, see Tax Topic 403 at IRS.gov/taxtopics.
You should also include taxable interest on bonds and other securities. If you cashed U.S. series EE or I savings bonds in 2016 that were issued after 1989 and you paid certain higher education expenses during the year, you may be able to exclude from income part or all of the interest on those bonds. But you must use Form 8815 and Form 1040A or 1040 to do so.
You must use Form 1040A or 1040 if you received taxable interest of more than $1,500. You also must use Form 1040A or 1040 if any of the following apply.
taxmap/instr/i1040ez-017.htm#en_us_publink12063zd0e2285

Tax-Exempt Interest(p13)

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If you received tax-exempt interest, such as interest on municipal bonds, each payer should send you a Form 1099-INT. Your tax-exempt interest should be shown inbox 8 of Form 1099-INT. Enter TEI and the amount in the space to the left of line 2. However, if you acquired a tax-exempt bond at a premium, only report the net amount of tax-exempt interest in the space to the left of line 2. For example, if there is an amount in box 13 of Form 1099-INT, subtract the amount in box 13 from the amount in box 8 to determine the net amount of tax-exempt interest. See Pub. 550 for more details. Do not include tax-exempt interest in the total on line 2.