NerdWallet-Millennial-Money-Bank-Bonus-Tax

U.S. $100 bills are seen, Thursday, July 14, 2022, in Marple Township, Pa. If you earned a bank sign-up bonus or interest, you need to set aside some of it for taxes. Your tax bracket will determine how much you owe on your earnings, which will be between 10%-37% of the total. Avoid stress during tax season by setting aside earnings in advance. Also, don’t get a bank account simply for the bonus; you’ll want to make sure it has other good features. If you’re thinking about earning multiple bank bonuses, make sure you keep taxes and account requirements for each bonus in mind. (AP Photo/Matt Slocum)

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