The expert said: "In that first year, if the savings provider is reporting to HMRC that you've earned interest, and HMRC is ...

Mr Lewis said: "Now we believe, we're struggling to find this, that many people are in that relatively niche circumstance, ...

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It’s also worth noting that even with income tax revenue, the federal government still spent far more than it brought in: ...

Any taxable interest earnings will face taxation aligned with your income tax bracket - 20 per cent for basic rate taxpayers ...

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In a recent podcast, Lewis explained that a common misconception about when savings interest becomes taxable is at the heart ...

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Much of the extra refund money next year will go to upper-income households, he said. That's largely due to a temporarily higher $40,000 deduction on state and local taxes, he said. That so-called ...