PATAX
Level 15
โ07-10-2023
04:17 PM
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That is the estimated approximate number of new individuals who may now be required to file 2023 Schedule B due to increased interest rates on certificates of deposit, money market accounts, savings accounts, Etc
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IRonMaN
Level 15
โ07-10-2023
05:40 PM
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For any of those that donโt want to file, send me the interest and Iโll be happy to pay the tax๐
Slava Ukraini!
PATAX
Level 15
โ07-10-2023
05:46 PM
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Banks here are paying approximately 5% on certificates of deposit. That's funny because it wasn't too long ago that some tried to push people into Investments like annuities, I.E. they apparently did not want their money and could make more money through Investments like annuities.