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Old 03-30-2023, 01:42 PM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Caymus View Post
CD's are available that pay interest monthly or semiannual.
With a CD, it doesn't matter how often the interest is paid. The IRS taxes you on the amount of interest that is "earned" during the tax year, regardless of whether or not you actually received the interest.