Today's Market

updated Moments ago Sponsored by:
DOW 16,628.65 13.84 0.08%
S&P 500 1,944.56 3.28 0.17%
NASD 4,423.00 3.52 0.08%

Community: Investing Wiki

Term Of The Hour

savings-bond interest taxes: Original post by Emily Weller of Demand Media You may owe tax on the interest on an inherited savings bond. http://photos2.demandstudios.com/DM-Resize/photos.demandstudios.com/getty/article/97/191/78492985.jpg?w=700&h=700&keep_ratio=1 Comstock/Comstock/Getty Images If you inherit cash from a relative or friend, you do not need to pay tax on it as you would other types of income. The same…

Want to learn more or edit this definition?
Click here to read more!