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Old 06-16-2023, 02:40 PM
manaboutown manaboutown is offline
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I like to use T bills. I pay federal tax on interest when it matures unless I sell the bill before maturity which I have never needed to do. One now can choose to move interest into 2024 through buying a T bill maturing then. I have been buying 6 month bills and rolling them over since currently they pay the highest or near highest interest rate. Treasury Bills — TreasuryDirect

"The interest earned by a T-bill is taxable as investment income in the year the bill matures. It must be reported on your federal tax return, Form 1040, and is taxed at the investor's marginal tax rate."

From: How Are Treasury Bills (T-Bills) Taxed?

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Last edited by manaboutown; 06-17-2023 at 09:20 AM.