i heard it was gonna be between 300-600$ and it would come as a check in the mail, is this true? and if so, is it for everyone? how do i find out if i qualify? T...
I still haven't and I find it nearly impossible to get hold of anyone.I spoke live chat with someone and they were of absolute no help.They basically said 1-3 days,they are processing it.That ...
I'm 22 years old, single and I work as a server. My tips are claimed, I don't own a house or have any kids. I have never filed my taxes but this year I want to get started. I really hope I ...
I am a college student and I made around 12000.00 last year and received around 1400 on my tax return. I only got 300 but most of my friends are getting 600. Do you know why?...
What had happend was I am granted a certain amount of money each semester along with work study i cant make no more than $1,990 each semester so me and my husband filed income taxes together and I ...
Lets say you pay $3K on your taxes a year when Income Tax rolls around does the IRS give you some of that money back or what? Additional Details Yes thats my taxes due in November of ...
Do I have to report interest earned on a savings account?
I filed my taxes and remembered that I had earned interest on a savings account. I know the interest earned totalled no more than $1, but I just wasn't sure. My bank didn't send me anything that referred to tax reporting.
No...not for that small amount...you need to earn alot more to have to be reported
mytwodogs60463
any interest earned on any money should be reported.
bobbie_jo45
The interest should have been reported but it shouldn't change the amount of taxes owed unless it bumped you into the next tax bracket which would be extremely unlikely an suck big time.
Denny O
your suppose to report it..
Jennifer Anne
You are supposed to, but the chances of being auditted are slim to nil.
Consider it a learning experience.
pcpy
Yes but it won't be taxed unless it is a specific amount.
Curious George
Good question. it might differ from state to state. I don't know for sure but I would guess yes you have to pay tax because it IS income...
very good question
bostonianinmo
Interest on bank deposits is fully taxable. The IRS does not require them to send you a Form 1099-INT unless the total exceeds $10.00. Your last statement for 2006 will show how much was paid for the year. If it's less than 50 cents, you can safely ignore it. If it's more than $1.00 you should re-figure your taxes with it and amend your return if it changes your tax liability.
curmudgeon
If it was that little, don't worry about it.
corezink
Let me put it this way. If you find a dime on the street in the gutter, Uncle Sam wants to know about it.
soulguy85
You are supposed to report it but if your bank didn't send you a tax statement in regards to your savings account interest, don't sweat it.
Kay
Legally, you are supposed to report everything...but on the same hand if you made like $5 in interest it doesn't matter THAT much...
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
