Is it a good idea for drivers to buy GAP insurance?

GAP insurance is an optional supplemental coverage that helps pay off your vehicle loan if your car is totaled and you owe more than its depreciated value. It's a good idea for several reasons.

Do I have to pay taxes on my savings account?

The interest you earn on the money in your savings account is considered taxable income in the year the interest was earned. The tax you pay is determined by your overall taxable income for that same year.