Bank account bonuses are a nice perk, but do you have to pay taxes on them? We examined a recent Reddit thread about how ...

Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of ...

HYSAs offer higher interest with the same FDIC or NCUA protections of traditional savings, making them well worth your while.

What are the amounts related to your paid employment that you have to declare? Taxable salary includes base salary. The income called wage accessories They also include benefits in kind ...

Major changes to vehicle tax announced in the Budget could result in petrol and diesel vehicle owners facing a tax bill of £5,490 next year. The Government has declared that from April 1 ...

Cornwall Council has been warned that relying on the double council tax premium on second homes, which comes into effect next year, won't save the council which is on a financial precipice.

These investment tax documents show key elements of your income ... Most investors will need to look for these key documents: 1099-INT This document reports interest you’ve earned at the specific ...

There are three main types of savings and investment income on which you may have to pay tax – interest from savings, income from dividends and income from life insurance investments. You'll only ...

Chancellor Rachel Reeves will break a Budget pledge by increasing taxes on 700,000 freelance workers, an expert has warned. The Labour Party's manifesto for the 2024 election vowed not to raise ...

In the UK, a Treasury analysis showed that 3,000 dealmakers shared £5bn in carried interest in the 2022 tax year — or £1.7mn each on average. Carry is typically treated as a capital gain ...

Taxable interest is taxed just like ordinary income. Payors must file Form 1099-INT and send a copy to the recipient by January 31 each year. Interest income must be documented on Schedule B of ...

The rise in savings rates means many more people are forced to pay tax on their interest, as they breach the tax-free personal savings allowance with much smaller pots. Savers have finally been ...