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

Savers using a cash ISA could face a double-whammy of interest rate cuts and tax reforms from April. Should you act now?

High-yield savings accounts and CDs were much more profitable in 2024 than in prior years, potentially leaving some taxpayers with a larger tax bill. Experts say there are some ways to defer or offset ...

Bank boss Andrew Bailey told the BBC it expected to cut rates further but warned the road ahead would be bumpy.

The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, ...

Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

While bank deposit rates on savings accounts remain high for now, they aren’t guaranteed to stay that way—and you’ll still owe taxes on any interest you accrue over time. Miller advises that ...

Traders have ramped up their bets on the total number of BOE rate cuts in 2025 since January, as Europe diverges from the U.S ...

You should expect to pay taxes on interest earned from the following types ... of your monthly financial statements,” says Black. Bank accounts, investment accounts, credit cards, and mortgages ...

The courts may block efforts by Elon Musk and DOGE to access Treasury's payment system. A huge trove of private data is at ...

The Fed faces complex decisions as it decides how quickly to cut rates or whether to raise them amid Trump's tariffs and ...

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