2006-09-27 08:24:06 · 3 answers · asked by Dewey D 1 in Politics & Government ➔ Government
It is my understanding that they are exempt from Fed Tax but likely taxed at state and local levels. How much is dependent on the state
Of course, check local laws and/or tax attorney or other professional.
2006-09-27 08:28:42 · answer #1 · answered by dapixelator 6 · 0⤊ 0⤋
Treasury bills are not taxed by the Federal Govt. .. only state taxes. Good Luck ! :)
2006-09-27 08:32:13 · answer #2 · answered by tysavage2001 6 · 0⤊ 0⤋
They are taxed by the state.
When you cash them, you must declare the interest on your state income tax, just like any other interest from a bank. Some states may be exempt and most states have a minimum amount of interest you must declare.
They are defenitely exempt from FED tax for sure.
2006-09-27 08:32:25 · answer #3 · answered by billyandgaby 7 · 0⤊ 0⤋