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Term Of The Hour

savings bond interest: Original post by Jonathan Langsdorf of Demand Media U.S. savings bonds earn interest that can be allowed to accrue tax deferred until you choose to redeem a bond. In ordinary circumstances, when a savings bond is cashed, taxes will be due on the total amount of interest earned by the bond. An option exists to pay the taxes as interest is earned rather than paying on the lump sum received at…

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