Is there any way to reduce taxes  against interest from Us Savings Bonds that have been cashed in.?
144289
If it is used for education from an accredited institution.
747349
No.  But they may attempt  to eliminate the reduced taxes on dividends.  I doubt that though.
908562
The percentage you would pay would be based on your other income, it's hard to say without knowing your situation.  On $2500 it would range from about 10% up to 35% depending on your income.  Most people about 15%.\nA way around this for the future, if your children get savings bonds, you can file a tax return for the child each year, declaring the amount of interest the bond earns that year.  Unless your kid is quite wealthy they won't pay any tax yearly and when time comes to cash the bonds they will already have been declared and no tax is due.
876398
I would set aside about 30% to 33% for taxes. If these are federal bonds then there would not be any state tax. If they are state bonds there would not be any federal tax
960724
NONE. They are very very very very bad. The interest rates are about 250% to 500% or more. Do not do this.
341443
Go to the local Tax Assement.  Unpaid taxes get taken out of the sale of a house at closing and can go on for years so you might not be able to motivate some people to sell that way.  I think it all depends on what city you are in.
164735
to reduce payments and interest
345624
No, it is not.  For instance, the current savings bond rate is 3.20%.  Last year, the inflation rate was 3.42% so your real rate of return on the savings bond is -0.20%.  Factor in a nominal federal tax rate of 15% and your real rate of return is -0.67%.
49054
As I understand it, you can recharacterize it as a Roth IRA next year. However, at that time you will owe taxes on the value of the account (which will likely be greater than the initial amount invested).\n\nIt only makes sense if you expect to be taxed next year at a lower rate.
106386
you can use an amorization chart to recalculate or check out any refinancing website and use their mortgage calculator...remember your tax shelter will be affected,too
1011363
don't think you can unless you fild with an online self tax program.  you need to save hard copies of your last three years.
294363
The answer is not simple, it depends on when it was issued.  There is a website for information on savings bonds, it is www.savingsbonds.gov.  I went through and found the following link which you should be able to research and find the information you are looking for.\n\nhttp://www.publicdebt.treas.gov/sav/savinvst.htm
69269
go to http://www.treasurydirect.gov/. I prefer the i bonds for taxable accounts. Use TIPS for IRA accounts.
151492
Do your own taxes online and e-file save the 300. and get it back just as quick!  \nIf you were not refering to taxes it sounds like a scam!!!!
907897
You could make a substitution of cash for the stocks. I'm not sure you can do the substitution of cash for stock that is owned by an LLC. I think that this would be considered a sale by the LLC of the stock for the cash. You could probably get around this by distributing the stocks from the LLC to the members and do the substitution. The distribution of stock by the LLC to each member should not trigger a tax. The members would take the LLC basis in the stock.\nThis is a fairly complex transaction so I would recommend a session with a CPA or tax attorney to verify the answer.
82296
Interest is taxable on the federal return.  Its not taxable on your state return.
1067682
Government Bonds are issued by the US Treasury.  The treasury can print money so you can always be assured that you will receive greenbacks when you redemn your bonds.  The problem for investers is that the US Government is deeply in debt and has an obligation to pay Social Security and Medicare that it can't meet without borrowing more.    In order to pay future obligations the US government will have to pay higher and higher interest rates.  The higher rates on bonds issued in the future will diminish the market value of the bonds issued at low rates in the past.  If you hold your US bonds until matuity you will receive US currency for them - but what will it buy?