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Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but ...

Tax Form 1098 tells the IRS how much mortgage interest you paid last year. You may be able to deduct this amount on your Schedule A. Not all mortgage interest is tax deductible. If you have a mortgage ...

If you’ve stashed money in a high-yield savings account or certificate of deposit (CD) to earn extra cash, you might have to pay taxes on anything you make off it. The interest you earn on everything ...

When tax season rolls around, one of the most common documents taxpayers receive is Form 1099-INT. This form, issued by banks, credit unions and other financial institutions, reports interest income ...

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Interest earned in a certificate of deposit is taxed as ordinary income. A CD’s interest is reportable when it’s credited to your account. It’s possible to minimize CD taxes within a retirement plan.

Sharing a bank account with a partner or relative can make it easier to manage your money together. But it can also lead to some confusion during tax season. You must report and pay taxes on the ...

You earned interest on a certificate of deposit (CD) and wonder if it’s taxable. In short, yes. It’s considered ordinary income and taxed at your federal income tax rate. Read on to learn more about ...

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and why did you receive yours? IRS Form 1099 is informational. This means that ...