Your 1040sIf your income is over a specific amount, paying the federal income tax is mandatory. You might have to pay income tax in some states as well. The income tax rate is a matter...
Posted by Pat Raskob on 04/30/2021
An education savings bond program allows eligible taxpayers to exempt all or part of the interest earned on eligible savings bonds' redemption from gross annual income. Securities...
Posted by James Financial Services Inc on 09/14/2020
The Internal Revenue Service (IRS) Form 8888 is designed to allow taxpayers to divide their tax refunds into different financial accounts – up to three. It also helps them buy...
Posted by Abundant Wealth Planning LLC on 08/24/2020
With many tax benefits available for education, it is evident that the government is interested in making higher education open and more accessible for many people. It can be...
Posted by One Stop Taxes on 01/20/2021
People have been talking about education savings bonds a lot since a long time. It can be at the age of your grandparents, that’s how old they are. They work until now for the...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 05/31/2018
We have to first better understand what Savings Bonds is by further explaining its definition before we proceed to the complicated part. Savings bonds are securities coming from the...
Savings bonds are considered a relatively safe investment for those looking to grow their income. While the interest rate might not necessarily match the rate of return on certain...
Posted by Felecia Dixson, EA, ATA on 06/09/2016
When choosing an investment, many individuals look to savings bonds. While the interest rate might not necessarily match the rate of return on certain stocks, these bonds are typically...
Posted by L. James & Associates LLC on 01/27/2016
US Savings Bonds have been around since 1935, when President Franklin D. Roosevelt signed legislation that allowed the U.S. Department of the Treasury to sell a new type of security,...
Posted by RKL Tax Service LLC on 01/23/2016
