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dmj
Returning Member

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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‎September 9, 2019 6:14 AM
last updated ‎September 09, 2019 6:14 AM
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Critter
Level 15

MA bank CD interest

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.  

‎September 9, 2019 7:11 AM
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