Understanding earnings before interest and taxes (EBIT) To calculate a company's EBIT, start with its total revenue. This may be called net sales, depending on the company.

Learn how taxes on interest income work, how to report it on your taxes, and which interest income is taxable. Get the full guide on interest taxation.

"The interest will be reported and claimed on your taxes for the year it was paid," Greene-Lewis said. For example, let's say you opened a two-year CD in January 2024 that matures in January 2026.