taxable interest income

Definition of "taxable interest income"
  1. Interest earnings that need to be reported on an income tax return, unless it is specifically exempt
How to use "taxable interest income" in a sentence
  1. She had to declare her savings account's gains as taxable interest income.
  2. His taxable interest income from bond investments elevated his tax bracket.
  3. The IRS requires reporting of taxable interest income from various sources.
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