Is U.S. Government Interest Taxable?
[ +0 ][ -1 ] Points: 0 Questions: 0 Answers: 0 Level: 1 BY:: Guest Post your answer or comment Request for better answer, comment or report abuse on this page Interest from U.S. Obligations, such as interest on U.S. Treasury bills, notes, and bonds issued by any agency or instrumentality of the United States is subject to federal income tax. Interest from U.S. Obligations is not subject to state or local income tax. Interest on U.S. Treasury Bills is the difference between the discounted price you paid for the purchase of the bill and the value you received at sale or maturity. Generally, all other U.S. Government obligations pay interest semi annuall… { +0 } { -0 } Point: 0 Questions: 0 Answers: 0 Level: 1 BY:: Guest Your Answer or comment When adding this \ please replace it with double \\. No illegal and adult content allowed. To add youtube videos or html code click on source option box then insert your html code or use the second box. User this box if you want text only with out
