In response to the IRS, if the curiosity earned on a CD in the course of the tax yr exceeds $10, you have to report it in your tax return and pay taxes on it.
Are CDs Tax Exempt?
/GettyImages-680315897-10a201dfb5a64c3aa9134bd1a6d29f1e.jpg "Are CDs Tax Exempt? 1")
In response to the IRS, if the curiosity earned on a CD in the course of the tax yr exceeds $10, you have to report it in your tax return and pay taxes on it.