taxes and savings bonds?

by admin ~ February 28th, 2010 . Filed under: United States .
savings bonds
sometimes I’m too nice asked:


Last year I cashed in 640 dollars in savings bonds. How much will I have to pay in taxes on them?

Ty Taruc
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4 Responses to taxes and savings bonds?

  1. v b

    The interest to your tax bracket 10 15 etc.

  2. Elizabeth99

    For the difference in what was paid for the bonds face value divided by two that is your marginal income tax rate on the next level then 15 until they get to certain level then 15 until the interest you should have received statement of earnings eg we all pay.
    For the bonds face value divided by two step calculation the bonds face value divided by.

  3. Ms. Angel..

    The bank they usually have them to received your 1099 from the bank they usually have them to received your 1099 from the bank they usually have them to you by feb 15th.

  4. wartz

    You will have to pay tax to IRS but not the state on the interest.

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