Are T Bills Tax Free? [Solved]
Sup, iam Lillie Smith, Hope you’re having a great week! Are T Bills Tax Free? [Solved] Key Takeaways. Interest from Treasury bills (T-bills) is subject to federal income taxes but not state or local taxes. The interest income received in a year is recorded on Form 1099-INT. Investors can opt to have up to 50% of their Treasury bills’ interest earnings automatically withheld. Treasury Bills (T-Bills) 11170 Treasury Bills Are I Bonds or Treasury Bills a Good Investment Right Now?...