Which of the following is NOT true about EE savings bonds?
A)Interest payments are received annually but are tax deductible.
B)About one in six Americans own a savings bond.
C)These are tax deferred investments.
D)Patriot bonds sell for one-half of their face value.

Question

Quizplus · Accepted Answer

EE savings bonds do not provide annual interest payments; instead, interest accrues and is paid out at redemption. Additionally, interest on EE savings bonds is not tax deductible.

Which of the Following Is NOT True About EE Savings