View Full Version : Tax on savings bonds
dave1231959
01-26-2010, 07:50 PM
I'm getting ready to cash in my savings bonds (EE and I) and had a question: Am I right thinking that I only have to pay 15% tax on theactual interest from the bonds?
thanks
Dave
Show-me
01-26-2010, 08:05 PM
I'm getting ready to cash in my savings bonds (EE and I) and had a question: Am I right thinking that I only have to pay 15% tax on theactual interest from the bonds?
thanks
Dave
The interest is taxed as ordinary income at tax time.
dave1231959
01-27-2010, 04:54 PM
Thank you Sir!
Scout333
01-28-2010, 08:53 AM
Some states exempt savings bonds interest. Worth checking on.
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