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Does my W-2 reflect adjustments for US Savings Bonds purchases through payroll deductions?

April 26, 2017adjustments deductions payroll purchases reflect savings bonds W-2

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Does my W-2 reflect adjustments for US Savings Bonds purchases through payroll deductions?

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Your W-2 does not reflect adjustments for Savings Bond purchases. The interest from savings bonds is exempt from state and local income tax and may be deferred from federal tax until the bonds are redeemed.