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I haven't done the research on I Bonds, but interest on T-Bills is not subject to state tax.
by nanidin 5y ago
I haven't done the research on I Bonds, but interest on T-Bills is not subject to state tax.
- paxys 5y agoI-bonds are subject to regular federal income tax.
- nanidin 5y agoYes, but I only mentioned state tax. Are I Bonds subject to state income tax? The lack of state tax on T-bills was a great loophole for emergency fund growth a few years ago until yields dropped around the start of COVID.
- paxys 5y agoNo idea, but my state doesn't have income tax regardless. And for any regular investment tax is 0 until you realize it.
- js2 5y ago> Are I Bonds subject to state income tax? No. https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_itaxconsider.htm https://www.treasurydirect.gov/indiv/research/indepth/ibonds...