Buy a house, get a deduction on Savings Bond interest?
Monday, April 3rd, 2006
Categorized as: Savings Bond taxes
Can I avoid income tax on my Savings Bond interest by using the proceeds to buy a house?
Tom’s response
No. Roth IRAs have a tax-saving feature related to first home purchases, but not Savings Bonds.
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Loading...FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:
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Tom Adams