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Old 10-06-2018, 03:02 PM
Junior Member
Join Date: Oct 2018
Posts: 2
How do I pay for interest tax?

Hi All, I'm totally new to taxes. I'm looking to get a Certificate of Deposit so I get good interest rates after a year. So the interest get taxed. My question is how, I mean the step by step.

If I opened the CD today with 1 year maturity, here are my questions please.

1. When do I pay the interest tax? In filing season or when it matures Oct 2019?
2. How do I pay the tax? I mean like the exact steps.

Thanks in advance!

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