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Revision as of 06:07, 16 October 2024
The IRS has set many tax deductions and benefits instead for individuals. Unfortunately, some taxpayers who earn a great deal of income can see these benefits phased out as their income climbs.
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B) Interest earned, however paid, during a bond year, must be accrued at the conclusion of the bond year and reported as taxable income for your calendar year in how the bond year ends.
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