The amount you’ll owe is directly tied to your tax bracket; The higher the bracket, the greater the percentage you’ll owe on interest income. The IRS classifies the interest earned from ...

But that interest comes at a price. Generally, the IRS requires you to pay federal taxes on any savings account interest you earn in a given year, regardless of whether it’s $1 or $100.

Tax refunds are usually issued within 21 days. Use the IRS "Where's My Refund?" tool to track your refund status.