利息的税收跟普通收入是一样的，要交联邦税州税。 • CD interest is considered investment income and is taxed as ordinary income at your marginal tax rate. • However, it is not subject to payroll taxes like Social Security and Medicare. • You’ll receive a 1099-INT form if your CD earns $10 or more in interest during the year. The specific tax rate depends on your total income, filing status, and other deductions or credits
Hyacinth172 发表于 2024-11-25 23:47 利息的税收跟普通收入是一样的，要交联邦税州税。 • CD interest is considered investment income and is taxed as ordinary income at your marginal tax rate. • However, it is not subject to payroll taxes like Social Security and Medicare. • You’ll receive a 1099-INT form if your CD earns $10 or more in interest during the year. The specific tax rate depends on your total income, filing status, and other deductions or credits
The tax rate for CD (certificate of deposit) interest depends on your marginal income tax bracket, as CD interest is treated as ordinary income by the IRS. Here’s how it works: 1. Ordinary Income Tax Rates CD interest is taxed at the same rate as wages or other forms of earned income (excluding payroll taxes). The rates for 2024 range from 10% to 37% for federal income tax, depending on your taxable income and filing status. For example: • If you are in the 24% tax bracket, your CD interest is taxed at 24%. • If you earn enough to be in the 10% bracket, you’ll pay 10% on your CD interest. 2. State Income Tax In addition to federal taxes, you may also owe state income tax on your CD interest, depending on where you live. State tax rates vary widely, from 0% in states like Texas and Florida to over 10% in states like California. Example: • If you earned $1,000 in CD interest and are in the 22% federal tax bracket: • Federal tax: $1,000 × 22% = $220 • State tax (if applicable): Add your state rate. For example, at 5%, it would be $1,000 × 5% = $50. Key Points: • CD interest is taxed annually, even if you don’t withdraw it (e.g., it accrues in the account). • You will receive a 1099-INT form from the bank or financial institution detailing the interest earned.
The specific tax rate depends on your total income, filing status, and other deductions or credits
The tax rate for CD (certificate of deposit) interest depends on your marginal income tax bracket, as CD interest is treated as ordinary income by the IRS. Here’s how it works: 1. Ordinary Income Tax Rates CD interest is taxed at the same rate as wages or other forms of earned income (excluding payroll taxes). The rates for 2024 range from 10% to 37% for federal income tax, depending on your taxable income and filing status. For example: • If you are in the 24% tax bracket, your CD interest is taxed at 24%. • If you earn enough to be in the 10% bracket, you’ll pay 10% on your CD interest. 2. State Income Tax In addition to federal taxes, you may also owe state income tax on your CD interest, depending on where you live. State tax rates vary widely, from 0% in states like Texas and Florida to over 10% in states like California.
Example:
• If you earned $1,000 in CD interest and are in the 22% federal tax bracket: • Federal tax: $1,000 × 22% = $220 • State tax (if applicable): Add your state rate. For example, at 5%, it would be $1,000 × 5% = $50.
Key Points:
• CD interest is taxed annually, even if you don’t withdraw it (e.g., it accrues in the account). • You will receive a 1099-INT form from the bank or financial institution detailing the interest earned.