The National Directory of Certified Public Accountants

Ask A CPA - Treasury/Savings Bonds

What Is A T Bill?

A Treasury bill is a negotiable debt obligation issued by the U.S. government, also called a T-bill. Treasury bills mature in one year or less, are exempt from state and local taxes, and range in value from $10,000 to $1 million; they sell at a discount based on current interest rates.

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