IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...

Rising interest rates have been a double-edged sword. While they’ve been tough on borrowers, savers have seen a significant ...

The amount of tax you pay on savings account interest and sign-up bonuses corresponds with your federal tax bracket. Assuming your gross income — including interest — rises above the IRS ...

For senior citizens, banks will now deduct TDS if interest amount exceeds Rs 1 lakh in a particular bank. However, with smart ...

Carried interest refers to the income that investment managers collect from their funds, which is typically 20% of profits. Under current tax law, that income is taxed as a capital gain ...

As tax season rolls around, you may have a number of questions on your mind — including whether your mortgage interest is tax deductible in 2025. The short answer is yes, but whether or not ...

The government expects income tax-related measures announced in the Union Budget 2025-26 to lead to additional bank deposits ...

Section 80P (2) (d) not eligible on interest on surplus funds deposited with Co-Op banks by cooperative society: ITAT Bangalore ...

In Budget 2025, tax relief measures include raising the income tax rebate limit to ₹12 lakh and doubling senior citizens’ tax ...

Income tax relief provided for in the Union Budget coupled with RBI repo rate cut put together will boost recovery in ...

You should expect to pay taxes on interest ... income on your accounts and reporting it to the IRS. “Make sure to keep track of your monthly financial statements,” says Black. Bank accounts ...