6 Comments

  1. Scott K
    Posted September 3, 2009 at 3:02 pm | Permalink

    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)

  2. cynic47
    Posted September 3, 2009 at 5:36 pm | Permalink

    No, any bank account interest must be included in taxable income.

  3. Anonymous
    Posted September 3, 2009 at 9:38 pm | Permalink

    No! Unless you investment in municipal bonds all interest is taxable even treasury bills

  4. hottotro
    Posted September 3, 2009 at 10:09 pm | Permalink

    No.

  5. Judy
    Posted September 4, 2009 at 4:23 am | Permalink

    No, why would it be? It’s taxable.

  6. DeeDee
    Posted September 4, 2009 at 7:20 am | Permalink

    no, but curious as to why you would think so.

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