💰 Earned interest on your High-Yield Savings Account (HYSA)? You might be wondering if you have to pay taxes on it. Short answer: YES! Here’s what you need to know: ✅ HYSA interest is taxable and taxed at the same rate as your wages ✅ If you earned more than $10 in interest, your bank will send you a 1099-INT form (available online or by mail) ✅ Save your 1099-INT! You’ll need it when filing taxes—whether you use a CPA or tax software Since banks don’t withhold taxes on interest, it’s your responsibility to report it when you file. Stay ahead of tax season and keep your finances in check! 📝 👉 Have more tax or savings questions? Drop them in the comments! #HighYieldSavings #Taxes #1099INT #MoneyTips #PersonalFinance