How Much Would Taxes Be On A $10000 Us Savings Bond?

By Increase Savings | Published: October 9, 2009

I am thinking about cashing in my bond to buy investment property. Does anyone know what the tax rate would be? Thanks to all who answer.

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2 Comments

  1. Bostonian In MO
    Posted October 9, 2009 at 6:33 am | Permalink

    Nothing if you have been claiming the interest earned all along, or at most the current year’s interest. If you have not been claiming the interest annually then the difference between what you paid for it and the redemption value is taxed as ordinary income.

  2. Uncle Jamima
    Posted October 9, 2009 at 9:46 am | Permalink

    There are a matter of things someone has to know for the taxes they will pay on a savings bond. One, what is your tax bracket? If you dont know what your tax bracket is, it depends on your income for the year. The average tax bracket is 28%. Also it depends on how much interest you accured on the bond. When was it purchased? You can check what the bond is worth on http://www.savingsbondtracker.com/asp/ca…
    After you know that then you can figure it out

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