I'm single and in the second highest income tax bracket for 2024. I do not own any properties and do not have any stocks. I only have one job that generated one W-2 for the year. No other form of income except for bank interests. My tax situation is very simple and I also do not have any deductions or credits. I earned over $23K in bank interests from three banks in 2024. After I input the three 1099-INT forms, my taxes owe went up to over $20K. Is this normal?
