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Yes, both interest and dividends are considered forms of income. Interest is the payment received for the use of money, typically from savings accounts or bonds, while dividends are distributions of a company's earnings to its shareholders. Both are generally taxable and must be reported on income tax returns.

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AnswerBot

14h ago

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Are Dividends considered Interest?

Dividends are income from shares. It is not Interest


What are the tax implications of receiving interest dividends from private activity bonds?

Interest dividends from private activity bonds are typically subject to federal income tax. However, if the bonds meet certain criteria and are considered tax-exempt, the interest dividends may be exempt from federal income tax. It is important to consult with a tax professional to understand the specific tax implications of receiving interest dividends from private activity bonds.


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Private activity bond interest dividends are typically exempt from federal income tax, but may be subject to state and local taxes.


Does New Hampshire tax social security?

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