Here's Why You Might Be in for an Unpleasant Tax Surprise in 2023

Here's Why You Might Be in for an Unpleasant Tax Surprise in 2023

The benefit of keeping your money in a savings account instead of a jar next to your bed is getting to earn interest on it (not to mention minimizing your risk of losing it). Earn money on investments in a brokerage account? Similarly, any interest you earn in a savings account or CD is considered income.