Interest earned on U.S. savings bonds is interest received at sale or maturity but must be taxed annually.

Name: Interest earned on U.S. savings bonds is interest received at sale or maturity but must be taxed annually.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Interest earned on U.S. savings bonds is typically taxed at the federal level when the bonds are redeemed or mature, not annually. Owners have the option to defer the interest income reporting until redemption, final maturity, or disposal of the bond, rather than reporting it annually.

Interest Earned on U