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| If i earn money online (from my own website) do I need to claim it on my tax report (I'm in Canada)? 'Cause if I don't claim it, there's no way for them to find out how much (if ... |
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 Grandmother-in-law claimed MY son on tax. illegal? |
| My wife and I was divorced in November 2005. We never settled who would claim my son for that year, and I went to file an amended return for 2005 and I found out that my ex-wifes mother had claimed ... |
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 Its almost tax season...? |
| Its almost tax season and i was wondering what is the percentage you get back if you claim medical and education. I live in North Carolina.... |
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| hi there... my finance and i have been living together for 2 years now...is it possible for us to do our taxes together even though we arent married yet??? if it helps we live in virginia.... |
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 Do you really have to pay income taxes? |
| Is there a law? Is it legal or constitutional? What happens if you don't pay?... |
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 No federal tax is being taken out of my paycheck? |
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 When is the earliest that you can file your taxes? |
I need the tax return as soon as possible.
Additional Details
...and if I do file on the 1st, when is the soonest that I will get the return?... |
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 Some tax advice for a very low-income student? |
My parents typically take care of most of my money stuff, but I'd like to do this myself.
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 Anyone receive their stimulus check by mail today May 27, 2008? |
ss# between 10-18
Additional Details
I RECEIVED MINE TODAY IN THE AMOUNT THAT IT WAS SUPPOSE TO BE!!! i HAVE WAITED SO LONG... |
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 Smoking ban TAX question? |
now that the smoking ban is now in fun swing?? my question is
A how much tax is on a packet of fags
B if lots of people give up (!!!!) how much tax will the government lose a year
C... |
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| What can I do? I've already made 3 attempts, and they keep telling me they will send them out. I'ts been over a month since the last time I called! Now what!? I worked as a Loan Processor. I... |
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zeleftikam | Is bond interest tax deductible? |
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PepsiLime
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Are you talking about paying it or receiving it? If paying it, then yes it's deductible to the company who issued the bonds. If receiving it, then no it's not tax deductible, and is actually taxable depending on what type of bond. U.S. savings bonds, Treasury bills, and other U.S. government obligations are taxable federally but not on the state level. Municipal obligations are not taxed federally, and if the municipal obligations are issued by the state you live in, they aren't taxed by your state. If the municipal obligations are issued by a state other than where you live, they are taxable on your state tax return, although there is a court case out there that may change or force changing how states tax or don't tax municipal obligation interest. |
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Judy1
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Not sure just what you're asking about "deductible". Are you talking about the issuer of the bonds, or the holder? If a company issues bonds, the tax they pay out to the holders is tax deductible for them.
There are many different types of bonds. Some are taxable to the holder, some aren't.
US savings bond interest is taxable at the federal level, but not on your state income tax.
Interest on tax-free bonds, issued by government bodies like municipalities, are generally not taxable.
Interest on other kinds of bonds is generally taxable at both federal and state level. |
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skipper
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Bond interest is never tax deductible.
Municipal bond interest is free of federal tax and if issued in the state where you live, state tax free.
Federal bond interest (treasury bonds, notes and bills) is subject to federal tax but not subject to state tax. |
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jeff410
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Interest recieved on bonds is generally taxable. But with some government savings bonds, if you spend the money on higher education expenses, the interest may not be taxable. |
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bostonianinmo
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If you are a company paying interest on bonds you've issued, yes it's deductible.
If you are a holder of bonds, the tax treatment depends upon the bond. US Savings Bonds are taxable at the Federal level but not the state level. Municipal bonds are not taxable. Ordinary corporate bonds are fully taxable. |
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what
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No, you must report it as income on Schedual B, and that transfers to Line 8, as part of your income. |
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Libby
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no it's taxable |
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Atrixo
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You all wrong. The Bond interest is tax deductible. It is part of the corporate expense when the interest is paid to the bond holders.
The Bond holders, on the other hand, have to pay tax on the interest earned. |
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