Did you know the IRS taxes your bank account? Don’t get caught off guard
IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you should expect to pay taxes on that, too.
![Did you know the IRS taxes your bank account? Don’t get caught off guard](https://fortune.com/img-assets/wp-content/uploads/2025/02/GettyImages-2187135346-e1738879644235.jpg?w=2048#)
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