My husband is over 65, and as a low income couple we qualify for Dirt exemption. If he dies during the year Dirt exemption will cease from that date.
How is this treated in the case of a bank which applies interest at the year end? Would accrued interest not have Dirt applied, or would the entire year's interest be taxed at 41%?
How is this treated in the case of a bank which applies interest at the year end? Would accrued interest not have Dirt applied, or would the entire year's interest be taxed at 41%?