Savings Bonds Update
April 26th, 2009
Question: TAX on Savings Bonds?
Do you have to pay tax on savings cashed to updated to larger bonds such as 500 dollars in bonds and then upgrade to 1000 dollar bond?
Answer: Yes. Once the bond is cased the interest earned is taxable. At one time you could exchange E or EE bonds for H bonds but no longer.
WVTV 18 PSA – Savings Bonds {train} [1 min] (1987)
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