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PickyPicky
Returning Member

Can I amend an amended State return that I filed and paid taxes on interest income of US Savings Bonds?

I think I should not have sent an amended return to the state.  Only to the Federal.
3 Replies
Mike9241
Level 15

Can I amend an amended State return that I filed and paid taxes on interest income of US Savings Bonds?

not quite sure what you did. interest from EE U.S. savings bonds is taxed at the federal level but not at the state or local levels for income tax purposes.

it seems you filed amended returns correctly by filing only for the state.

However, if you used the bonds to pay qualified education expenses the interest may also be exempt for federal purposes. see this link

https://budgeting.thenest.com/redeem-savings-bonds-paying-taxes-33036.html 

 

PickyPicky
Returning Member

Can I amend an amended State return that I filed and paid taxes on interest income of US Savings Bonds?

Thank you for your quick response.  I received a K-1 for Interest Income on EE & I U.S. savings bonds after I filed my 2021 Fed and State returns.  I then filed and paid additional taxes on amended returns (both Fed & State) for the K-1 Income.  I didn't realize that Interest on U.S. savings bonds were exempt on State Income Tax returns. Should I file another amended to the State to request a refund?

Critter-3
Level 15

Can I amend an amended State return that I filed and paid taxes on interest income of US Savings Bonds?

Yes ... you should  amend any  return that has an error on it.  

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