IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...

Thousands of people with savings accounts are set to be hit with a shock tax bill from HMRC after a delay on sending out ...

After years of low rates, high-yield savings accounts are sttill having a moment even as the Bank of England (BoE) cut ...

If you accidentally contribute too much to your TFSA – which can easily happen if you rely on the CRA’s data – you will face ...

Repurpose A Thrifted Filing Cabinet Into A Unique Entryway Statement Piece Irv Gotti, Grammy-winning producer for Ashanti and ...

Interest is one of the many benefits you can receive when you set aside money in a savings account. When you earn interest, your financial institution is essentially paying you to keep your ...

UK savers have been urged to check HMRC rules, as a ‘significant’ portion will soon face tax bills due to rising interest ...

If you're eagerly awaiting your tax refund to spend it, you might want to think about other options. It's important to ...

There are rumours Rachel Reeves could be considering cutting tax benefits for the cash ISA scheme - but there are ...

HMRC automatically knows how much interest you earn on your savings in bank accounts and if you owe additional tax ...

The Personal Savings Allowance allows basic-rate taxpayers to earn up to £1,000 in savings interest a year without paying tax ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...