Is interest from savings account with Forida national bank tax exempt interest?
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I think everyone already pretty much answered your question so I’ll just add my two cents worth. HELL NO!!!
Federal government interest – tbills, bonds, etc. is excludable from state income tax
State government interest – muni bonds, etc. is excludable from federal income. Once in awhile there are taxable bonds (e.g., WWPPS)
No, any bank account interest must be included in taxable income.
No! Unless you investment in municipal bonds all interest is taxable even treasury bills
No.
No, why would it be? It’s taxable.
no, but curious as to why you would think so.