Module 3: Interest Income
Interest is the charge for the use of borrowed money. Interest income is income earned through depositing money in savings programs, buying certificates of deposit (CDs) or bonds, or lending your money. Use the resources below to learn more about interest income.
Tax Tutorial: Interest IncomeDiscover what interest income is, where it comes from, and how it should be reported.
Fact Sheet: Interest IncomePrint this fact sheet on interest income.
Simulation 3: Using Your W-2 and Form 1099-INT to File Your 1040EZHelp Tasha Miller, counselor at the Job Center, report her interest income on her Form 1040EZ.
Assessment: Interest IncomeReview your understanding of interest income.
Check your understanding of what interest income is and how it should be reported. Indicate whether each of the statements below is true or false by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
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