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The income from bonds is taxed, unless the bonds are exempt from federal tax (municipal bonds) and/or state tax (varies by state). If there is gain on the sale of a bond (you receive more than you originally paid for it), the gain is taxable.
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When cashing mature E bonds, can federal income tax be withheld from the interest paid on those bonds.?
The earned interest will be taxed the year they mature whether you cash them in or not
What is the purpose for a saving bond?
Saving bonds is a debt security note from the United States Treasury that guarantees the repayment of the note. This was started to help the nation in it's borrowing needs. You will find that savings bonds can not be taxed by any state or local governments. Deferment on federal taxes is also a plus as you do not get taxed on that money until it reaches finial maturity and is cashed in.
Is interest om Federal Home Loan Bank bonds subject to federal income tax?
Yes. Interest from Fed Home Loan Bonds ARE federally taxable and generally are not taxed by states (I live in FL which does not have a state income tax).
Why Municipal bonds are not taxed?
Simply a matter of tax law. Reasoning is basically to encourage investors to buy municipal bonds; thereby, helping communities finance their infrastructure needs (hospitals, roads, water and wastewater systems, schools, etc.).
Are installation charges taxed?
NO THEY ARE NOT TAXED THE PRODUCT INSTALLED IS TAXED AND LABOR ALSO
How is the interest on municipal bonds taxed?
In most cases interest on a Muni (municipal bond) is not taxed
When cashing mature E bonds, can federal income tax be withheld from the interest paid on those bonds.?
The earned interest will be taxed the year they mature whether you cash them in or not
Does investors earn tax-free income when purchasing corporate bonds?
No. You are taxed on any income, including the annual returns from your investments.
How does government raise money World War 1?
The government did many thing for the war. Exp. taxed the citizens, and but war bonds onto them.
What is the purpose for a saving bond?
Saving bonds is a debt security note from the United States Treasury that guarantees the repayment of the note. This was started to help the nation in it's borrowing needs. You will find that savings bonds can not be taxed by any state or local governments. Deferment on federal taxes is also a plus as you do not get taxed on that money until it reaches finial maturity and is cashed in.
Why Municipal bonds are not taxed?
Simply a matter of tax law. Reasoning is basically to encourage investors to buy municipal bonds; thereby, helping communities finance their infrastructure needs (hospitals, roads, water and wastewater systems, schools, etc.).
Is interest om Federal Home Loan Bank bonds subject to federal income tax?
Yes. Interest from Fed Home Loan Bonds ARE federally taxable and generally are not taxed by states (I live in FL which does not have a state income tax).
Have IRA invest acct with corporate and municipal bonds Know if you withdraw interest from corp it is taxable If you take interest from tax free municipal bonds is it also taxable?
No matter what your investments in an IRA are, the tax situation only unfolds when you withdraw money from the IRA. How the investments in the IRA earn a yield is irrelevant. If its a traditional IRA you will be taxed when you start withdrawing money at retirement. If its a Roth, you will not be taxed on withdrawals no matter what the investments are inside the IRA. Sinces IRA are taxed deferred in makes little senses to invest into a Tax Free Municipal bond.
Are installation charges taxed?
NO THEY ARE NOT TAXED THE PRODUCT INSTALLED IS TAXED AND LABOR ALSO
Is sugar taxed?
No, the locally produced sugar is not taxed. But the imported sugar is usually taxed.
Is meat taxed?
Everything you buy is taxed
Can ice cream be taxed?
yes it can be taxed
