The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a high-yield savings account in 2024, you need to report it when you file your ...

New proposals in the Spring Statement suggest the Government may give HMRC more power to collect data on how much people owe ...

If the tax status of muni bonds changes, the impact on regular investors and state and local governments could be significant ...

Inside a cash ISA, there is no tax to pay on interest income, but the chancellor is reported to be keen to chip away at the ...

Eligibility for federal student financial aid is primarily based on income as reported for tax purposes. However, tax-exempt ...

Dividend-paying equities offer upside potential from capital appreciation and dividend growth, whereas bonds typically pay ...

Eight U.S. states don't impose any kind of income tax and one only taxes income generated from interest and dividends. In 32 states and Washington, D.C., residents are charged a progressive income ...

The Revenue & Customs move will see money taken from accounts to recover unpaid bills - and will now extend to unpaid tax on ...

HM Revenue and Customs (HMRC) has strict rules on how much interest you can earn on your savings accounts before you need to ...

Fidelity Bank Plc has announced a pre-tax profit of N385.215 billion for the 2024 financial year that ended December 31, ...