Tax-season surprise: You owe the IRS for that checking account sign-up bonus – Palm Beach Post (blog)

Palm Beach Post (blog)

Tax-season surprise: You owe the IRS for that checking account sign-up bonus Palm Beach Post (blog) The generous incentives are enticing, but here’s one bit of fine print: The banks might count the bonuses as interest, which means they’ll report it to the IRS and send you a Form 1099-MISC — and you’ll owe taxes on it. So if your marginal tax rate is … and more »

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