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Archive for the ‘Taxes’ Category

Do I Have To Pay Taxes on Interest from CDs, Savings, Checking Accounts?

This item was filled under [ Personal Finance, Saving, Taxes ]

One common question regarding deposit accounts and interest rates is whether or not you have to pay taxes on interest from CDs, savings, and checking accounts. The short answer is yes. If you earn interest on a deposit account, you normally have to pay taxes. However, it helps to know a little more about the [...]

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5 Tax Season Pitfalls to Avoid

This item was filled under [ Taxes ]

5 Tax Season “Gotchas” for the American Borrower to Beware Gotcha #1: Watch out for Refund Anticipation Loans offered by tax preparers that promise filers immediate access to their projected refund, the effective interest rate can be 50% to as much as 500% Gotcha #2: Don’t pay your taxes by credit card; it can add [...]

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