✉news BusinessPersonal Finance first seen 10 h ago, last 10 h ago, peak #35
Treasurys May Be Wrongly Hit by State Taxes
Original: Own Treasurys? You May Be Paying a State Tax You Don’t Owe
Owners of US Treasury securities may be paying state income tax on the interest even though Treasury obligations are exempt from state taxation under federal law. The alert points to possible withholding or filing errors, and urges bondholders to review their tax forms and reclaim any state tax wrongly withheld on Treasury interest.
Why now: Tax season is prompting investors to check whether state taxes were wrongly withheld on Treasury interest
US Treasurystate tax authoritiesMoney Talks News
Evidence
- Own Treasurys? You May Be Paying a State Tax You Don’t Owe · Money Talks News
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