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Returning Member
posted Sep 9, 2019 6:14:35 AM

MA bank CD interest

Does MA have two tax rates for MA bank CD interest?  MA DOR Directive 86-38 lists a 5% tax for a CD less than $100,00, and a 10% tax for a CD more than $100,000.

 

Has Directive 86-38 been updated?      

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Level 15
Sep 9, 2019 7:11:14 AM

Since you are posting from the LIVE version  you should  get the  help you are paying for ...click the “Live Experts” button to be connected.