Did you earn interest on your high-yield savings account this year? Prepare to pay taxes on it

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 from money market accounts to treasury bonds may be subject to ordinary income tax. Knowing how…#treasury #unclesam #willbrennan #schedulebform1040 #connecticut #kansas #ohio #jimarcouette

Source: Reuters: Health - September 22, 2023 Category: Consumer Health News Source Type: news