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a friendly tax professional named Colleen called me and set up a one-way video. She helped me figure out that we needed to get the proper 1099-SA form from my wife’s employer to be able to complete our taxes.
Do I need to pay taxes on a savings account? Yes. Interest you earn on your savings account is considered taxable income by the IRS. If you earn more than $10 in interest in a calendar year, your bank or financial institution will send you a Form ...
If you participate in a dividend reinvestment plan, you may only be responsible for paying taxes on the difference between the shares' fair market value and the purchase price, which is normally below market value. This amount is taxed as ordinary income.10 How Do You Pay Taxes on a Fund ...
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