I'm a little confused. If the child only has interest income and it's more than $2,500., do I report that income on my tax return or my child's tax return and u...
For a child, on unearned income (i.e. interest) between $1,250. and $2.500., I think the tax rate for the child is 10%. Anything more than that is taxed at the ...
Thanks. I never knew that I can cash out a Bond before the end of a 6-month period and not lose any accrued interest. Was I earning 4% interest on the Bond that...
I'm a little confused. I thought interest is only "earned" every 6 months. If I cashed the savings bond in Jan. , Feb. March. April or May, I would have gotten ...
Thank you. For the 2020 benefit, the eligibility requirements say the following:"You are eligible for an ANCHOR benefit based on 2020 residency, income, and age...
