Learn how taxes on interest income work, how to report it on your taxes, and which interest income is taxable. Get the full ...

If you received tax-exempt interest, you should get a Form 1099-INT or a Form 1099-OID. You can find your tax-exempt stated interest in box 8 of Form 1099-INT. For a tax-exempt Original Issue ...

The government considers interest on CDs, savings and other deposit accounts as taxable income. That means you must report it ...

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 ...

Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

37% of taxpayers qualify. Simple Form 1040 returns only (no schedules except for the earned income tax credit, child tax credit and student loan interest). Live Assisted plan includes unlimited ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership.