DirectDevil
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What is the tax situation about D.I.R.T. for taxpayers 65 y.o. or older ?
My understanding is that the taxpayer must send in a form DE1 to the relevant financial institution to suppress deduction of D.I.R.T.
What I don't know about is the tax liability on the interest earned. If you are 65 y.o. can you still be liable for D.I.R.T. on interest earned ?
My understanding is that the taxpayer must send in a form DE1 to the relevant financial institution to suppress deduction of D.I.R.T.
What I don't know about is the tax liability on the interest earned. If you are 65 y.o. can you still be liable for D.I.R.T. on interest earned ?
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