Bonds Not Always Tax-Free: 7 Municipal Bond Tax Traps February 27, 2024 Cooper Howard Although municipal bonds pay interest that is generally exempt from federal and state income taxes, it's not always free from all taxes. Investors often think of municipal bonds, which are sold by loc...
FACT SHEET Georgia Tax-Free Bond Fund (GTFBX) As of September 30, 2024 General Information CUSIP 77957R705 Inception Date March 31, 1993 Benchmark Bloomberg Muni Index Expense Information (as of the 0.61%(Gross) most recent Prospectus)⁽¹⁾ 0.56%(Net) ⁽¹⁾The Fund operat...
Interest paid on bonds issued by states or municipalities that is tax-free for federal income tax purposes. Although you must report this income on your return, it is not taxed. Note that some interest that is exempt from the regular tax is taxed by the Alternative Minimum Tax. Tax-free i...
Laar’s government implemented the world’s first flat tax in 1994. Initially set at 26 percent, it was reduced in several steps to 20 percent by 2015… In 2021, it was the second-lowest top rate and less than half the average rate in the OECD (see Figure 6.3). Estonia’s flat tax...
Bonds (government and corporate) Certain shares of small business corporations It’s worth noting that TFSA eligible investments include US stocks, too. How to invest in a TFSA If you have cash you’d like to save in a TFSA, you have a handful of investment options to choose from. Choosin...
Bonds are not taxed the same as equities. Offshore bond funds are not taxed the same as onshore ones. (In other words, the treatment may be different if your bond fund sits outside the UK.) Exchange-Traded Funds (ETFs) are not taxed the same as bond funds. ...
Tax refunds are the monetary returns you receive from the government, often stemming from overpaid taxes during the year. However, it’s not as simple as a direct reimbursement. Many factors play a role in determining your final refund amount. Here are seven key factors to consider when assess...
2024-10-23The federal government has several taxes on gratuitous transfers — meaning transfers where no consideration was given, or the consideration given was less than the fair market value (FMV) of the property transferred — and includes inter vivos gifts and transfers of property from the ...
In 2021, I discussed under this column the new tax-free exchange (TFE) provisions under Section 40(C)(2) of the Tax Code as introduced in the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), and my initial impressions on how the rules could prov...
people who purchase bonds issued by their states or localities may not be required to pay state or local taxes on the interest. That means some municipal bonds have tax-free status at all three levels of government.3These tax advantages ...