Bonds and Taxes for E Bonds and Treasury Notes
A reader asks about cashing E bonds before maturity and tax effects. The expert explains E bonds issued since 1941 remain alive and accrue interest at least until 1981, likely longer, with possible redemption or conversion to H bonds at final maturity. Social security income may stay tax free. redeeming old E bonds can avoid taxes up to several thousand dollars. Treasury notes are taxable federally but not by states, and yields resemble insured savings account rates.
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Malaysian Prime Minister Razak Dies in London at 53
Tun Abdul Razak, Malaysia’s prime minister since 1970, died in a London clinic at age 53 after a monthlong European treatment. He had been in Paris and London for an undisclosed illness and was readmitted to the hospital on the eve of his planned departure.
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