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Revision as of 09:09, 17 September 2024

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B) Interest earned, however, not paid, during a bond year, must be accrued after the bond year and reported as taxable income for that calendar year in which your bond year ends.

This provides a combined total of $110,901, our itemized deductions of $19,349 and exemptions of $14,600 stay the same, giving us an entire taxable income of $76,952.

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