The interest on savings bonds is taxable at the federal level but not at the state or local level. There are many kinds of United States Treasury bonds, including savings bonds that are labeled Series EE or Series I. Series E is an older version of Series EE, and no longer pays ...
How to claim the sales tax deduction Bottom line What is the sales tax deduction?The sales tax deduction, which is a part of the state and local tax (SALT) deductions, lets you reduce your taxable income by up to $10,000 if you itemize. But you have to choose between claiming the ...
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C. Treasuries have the lowest yields, followed by agencies, then by corporates, which provide the highest returns. 相关知识点: 试题来源: 解析 C The difference in yields is largely due to the default risk premium. Treasuries are considered to be default-risk free, while corporate bonds have th...
Tax-equivalent yield is a way to compare the returns of a tax-exempt bond to a fully taxable bond. Some fixed-income securities, like municipal bonds and U.S. Treasuries, provide tax advantages but typically offer lower yields than fully taxable securities, like corporate bonds. Investors shoul...
The whole payment received each month from a qualified annuity is taxable as income (since income taxes have not yet been paid on these funds). Qualified annuities may either come from corporate-sponsored retirement plans (such as Defined Benefit or Defined Contribution Plans), Lump Sum ...
“If someone withdraws money from a policy, the gain over basis comes out first, fully taxable, at ordinary income rates,” he says. “Then the basis comes out tax-free.” A universal life insurance policy is best for those who have long-term insurance needs and who have enough funds ...
UK government gilts and premium bonds ISAs or Personal Equity Plans Compensation for damages for personal or professional injury Tax relief for selling your main home You'll get private residence relief (PRR) if you sell or dispose of your main home, as long as yo...
Net investment income (NII), for tax purposes, is the total amount of money received from assets such as stocks, bonds, and mutual funds, minus related expenses. NII may include interest income, dividend income, and capital gains. Whether this income, minus the expenses, is taxable is determ...
At the end of the year, people who have invested in taxable bonds and have received interest income are required to include the amount ofinterest received on the bondson their tax filings to their local and state governments and to the federal government. If the bonds were issuedat a discoun...