Tax-exempt investments offer several benefits, though its main benefit is its namesake. As discussed throughout this article, income generated from tax-exempt investments is typically exempt from federal income taxes and state and local taxes. This results in higher after-tax returns compared to tax...
This strategy seeks to provide California residents with income exempt from state and federal taxes. It focuses on higher quality municipal bonds that primarily provide funding for public services and public and private projects in the state of California. The strategy has the flexibility to invest ...
which are bonds issued by states and cities to raise funds for general operations or a specific project. When a taxpayer makes interest income on municipal bonds issued in their state of residence, the profit is exempt from both federal and state taxes.4 ...
Municipal Bond: A bond issued by a state or local government in the U.S. Interest on these bonds is typically exempt from federal income taxes, and from state and local income taxes for residents of the state in which the bond was issued. But not all municipal bonds ...
Similarly, dividends on bond mutual funds that invest in municipal bonds are exempt from federal income tax. And for residents of the issuing state for single-state funds, the dividends are also exempt from state and local taxes. Capital gains on these funds are never tax exempt. Earnings in...
For example, income from federal government bonds is generally exempt from state and local income taxes (while income from state and local bonds is generally exempt from federal income tax).1An organization, such as a charity, school, or religious institution, can also be classified as tax-exem...
The new municipal bond fund is designed to provide residents in the state with investment income that is exempted from federal and state income taxes. Ronald H. Fielding, the chief strategist and senior vice president of Oppenheimer, will manage the municipal bond fund dubbed as Oppenheimer ...
It's likely, however, that all tax payers have a stake in the decisions that Congress and the president make in regard to what citizens and organizational entities are exempt from paying federal income taxes. Video of the Day Tax Loopholes and Tax Breaks ...
Describing amunicipal bondthat isexemptfrom federal, state, and local taxes. The United States Constitution forbids the federal government from taxing any state and local bonds. Most states and municipalities offer tax exemptions for residents whoinvestin their bonds; thus, to be eligible for triple...
The investment seeks to provide current income that is exempt from both federal and California personal income taxes. The fund invests primarily in high-quality municipal bonds issued by California state and local governments, as well as by regional governmental and public financing authorities. At le...