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Federal Register / Vol. 79, No. 61 / Monday, March 31, 2014 / Notices laws of a given State, the maximum interest rate will be the rate permitted by the constitution or laws of the given State. SECURITIES
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The interest rate will be determined by the financial institution.
Any individual or entity who earns interest income is required to report their interest rate.
You can fill out the interest rate by providing details of the interest income earned during the year.
The purpose of reporting interest rate is to ensure accurate tax reporting and compliance.
You must report the amount of interest earned, the name of the financial institution, and any taxes withheld.
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