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Revision as of 16:19, 12 May 2026

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B) Interest earned, but am not paid, during a bond year, must be accrued after the bond year and reported as taxable income for the calendar year in the fact that the bond year ends.

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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% income tax bracket and accelerating some of the changes passed in the 2001 EGTRRA.

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