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    margaret rapp's Avatar
    margaret rapp Posts: 1, Reputation: 1
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    #1

    Mar 25, 2008, 02:44 PM
    MA state tax interest clarification
    I have CD interest from Countrywide and Etrade Bank. Is this interest taxed at 5% or 12%or in-state/out of state bank interest? Both have branches in MA. Thanks.
    Margaret Rapp
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Mar 26, 2008, 06:36 AM
    Heres' an earlier response which indicates that if you can walk into a branch in MA, then you can claim it as in-state bank:

    https://www.askmehelpdesk.com/taxes/...st-177348.html
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