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I Bond interest taxable?
Posted on 1/24/24 at 8:18 am
Posted on 1/24/24 at 8:18 am
Treasury Direct is telling me it is but I just wanted to make sure with you calculator in the shirt pocket types.
This post was edited on 1/24/24 at 8:23 am
Posted on 1/24/24 at 8:26 am to OysterPoBoy
Federal tax
Not state & local
Not state & local
Posted on 1/24/24 at 8:33 am to LSUcam7
It just bothers me when the government gives me money and then wants some back. How about you just give me what I can keep?
Posted on 1/24/24 at 8:48 am to OysterPoBoy
Is it taxable once it's realized or as it accrues?
Posted on 1/24/24 at 8:54 am to OysterPoBoy
Thanks. With the looney toons ideas coming from this administration it was a valid question.
Posted on 1/24/24 at 9:19 am to OysterPoBoy
You can do it either way with I bonds.
This post was edited on 1/24/24 at 9:21 am
Posted on 1/24/24 at 2:51 pm to TheBoo
quote:
Is it taxable once it's realized or as it accrues?
It’s up to you actually. Most people pay when they withdraw but it can be more advantageous to pays as you go for some people.
Posted on 1/24/24 at 9:38 pm to OysterPoBoy
Pretty much every interest income imaginable is taxable
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