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How long do tax code changes take?
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You can amend the interest amount for the past tax year though, there are 2 years to select - current and last. Not sure what effect that actually has on anything though.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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I suspect it is a variation on the "interest being deducted" phrase which really means "tax being deducted from interest". In this case I think it means "is the account still open so you are still receiving untaxed interest this year" as opposed to "have you put the untaxed interest somewhere where it is in turn earning interest"
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