When is the interest on private activity municipal bonds taxable? What is the alternative minimum tax (AMT)?

File with H&R Block to get your max refund ... Certain distributions commonly known as dividends are actually interest. They include dividends on deposits or ... However, interest earned on specific state and municipal bond obligations is exempt from Wisconsin and federal income tax. See line 1 of the instructions for ... ... Interest on underpayment of your estimated tax" line of your tax return. ... This interest is taxable and must be included on both your federal and Oregon returns ... Interest and dividend income from non-Vermont state and local obligations are taxable in Vermont and must be included in your Vermont taxable income. This may ... Filing Thresholds and Exclusion Amounts · Table W - Computation of Washington Estate Tax (for dates of death Jan. 1, 2014 and after) · Interest Rates ... The Department may assess penalties for several reasons, such as late filing, late payment, or otherwise not complying with tax requirements. Tax Rates. Filing & Paying Your Taxes · Payment Options · Penalties and Interest · Extensions and Prepayment · Income Tax Estimator · Tax Rates · Payment ... if tax is payable on savings interest, it's charged at your usual rate of income tax (0%, 20%, 40% or 45%). What types of savings interest are taxed? Interest ... Jan 22, 2025 ... This form reports interest income earned. Learn when you need to pay taxes on this interest, how to include it on your tax return, and key details. *If you have questions about the DOR Rate and Boundary Databases, please contact us at [email protected]. Political Subdivisions. Local Sales/Use Tax Interest ...