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Latest revision as of 10:50, 4 March 2025

The IRS has set many tax deductions and benefits in place for taxpayers. Unfortunately, some taxpayers who earn a top level of income can see these benefits phased out as their income increases.

B) Interest earned, nevertheless paid, throughout a bond year, must be accrued after the bond year and reported as taxable income for that calendar year in that this bond year ends.

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