What is the actual percentage Tax for Treasury Bills for people making under 100K?
Thread created 01-31-2024 by c627627
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I believe your first sentence may be misleading because it seems to suggest that the federal tax rate on treasury bills is the same as your overall income tax bracket only for individuals earning...
What is the actual percentage Tax for Treasury Bills for people making under 100K?
Thread created 01-31-2024 by c627627
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3 Replies
1,017 Views
For individuals earning less than $100K, the federal tax rate on Treasury Bills interest is based on your overall income tax bracket. In 2024, if your income falls within the 22% tax bracket, that...
What is the actual percentage Tax for Treasury Bills for people making under 100K?
Thread created 01-31-2024 by c627627
0 Score
3 Replies
1,017 Views
From a federal income tax perspective, the interest income from a bank saving account and the interest income from a treasury bill are treated the same. In your example, both would be at the 22% tax...
What is the actual percentage Tax for Treasury Bills for people making under 100K?
Thread created 01-31-2024 by c627627
0 Score
3 Replies
1,017 Views
I know that your income tax bracket determines how much you are taxed on Savings Account interest. For example, in 2024, if you make between $47,151 and $100,525, your federal tax rate is 22%. So if...
