The interest income you receive from a bond is taxed as ordinary income for federal income tax purposes.

Name: The interest income you receive from a bond is taxed as ordinary income for federal income tax purposes.
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Interest income from a bond is considered taxable as ordinary income for federal income tax purposes. This means that it is generally subject to the same tax rates that apply to your wages or salary, depending on your total taxable income.

The Interest Income You Receive from a Bond Is Taxed