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Tax information for EE and I bonds. Note: The tax situation is different for HH bonds, which may still be earning interest. Tax information for HH savings bonds. On this page: Is savings bond interest taxable? When do I get the interest on my EE or I bonds? When must I report the interest? Where do I list the interest on my tax return?
15 gru 2021 · Interest from EE U.S. savings bonds is taxed at the federal level but not at the state or local levels for income. The interest that savings bonds earn is the amount that a bond can be...
11 lip 2016 · As a debt obligation of the United States federal government, Series EE bond interest – like other U.S. government debt – is not taxable to state or local governments. If you live in Florida, Texas, or one of the other states with no income tax, this won’t matter much to you.
29 gru 2023 · If you cashed series EE or I U.S. savings bonds this year that were issued after 1989, you may be able to exclude from your income part or all of the interest on those bonds. Use Form 8815 to figure the amount of any interest you may exclude.
You can exclude the bond interest from taxable income if both of these apply: You redeem Series I bonds or Series EE bonds bought after 1989. You use the money to pay qualified education expenses.
What you earn from your Treasury marketable securities is subject to federal tax but is exempt from state and local taxes. This includes: interest you earn on notes, bonds, TIPS, and FRNs. IRS Form 1099 tells the IRS about interest and gains that may be subject to federal tax.
7 gru 2023 · Series EE savings bonds are also state and local tax -free, and the federal taxes on interest income may be deferred until maturity. Another bond type that also pays taxable interest is the...
