Is interest from savings account with florida national bank tax exempt interest?
Is interest from savings account with Forida national bank tax exempt interest?
I think everyone already pretty much answered your question so I’ll just add my two cents worth. HELL NO!!!
Federal government interest – tbills, bonds, etc. is excludable from state income tax
State government interest – muni bonds, etc. is excludable from federal income. Once in awhile there are taxable bonds (e.g., WWPPS)
The National Bank – “Family”
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