Adj.1.tax-free- (of goods or funds) not taxed; "tax-exempt bonds"; "an untaxed expense account" tax-exempt,untaxed nontaxable,exempt- (of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation" ...
bondholders/investors are promised interest on their principal balance—the latter being repaid by the maturity date. Municipal bonds are often exempt from most taxes, which makes them attractive to people in higher income tax brackets.
Nonrefundable Tax Credit Anonrefundable tax creditdoes not result in a refund because it only reduces the tax owed to zero. Using the example above, if the $3,400 tax credit were nonrefundable, you would owe nothing to the government but would forfeit the $400 that remains after the credi...
Tax-Free Muni Bonds Are Not Risk-Free
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Tax-Free Income Discover the power of tax-free income. More money goes in your pocket, where it belongs. Find out more Potential Regular Income Municipal bonds typically pay interest every six months as long as you own the bonds. Find out more...
Tax-Free Income Discover the power of tax-free income. More money goes in your pocket, where it belongs. Find out more Historically Low Risk Moody’s research shows rated investment grade municipal bonds had an average cumulative 10-year default rate of just 0.09% between 1970 and 2021.* ...
Definition of Tax exempt in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Tax exempt? Meaning of Tax exempt as a finance term. What does Tax exempt mean in finance?
An agency bond is a debt security issued by a government-sponsored enterprise or by a federal government department other than the U.S. Treasury. Some agency bonds not fully guaranteed in the same way that U.S. Treasury and municipal bonds are. An agency bond is also known as agency debt...
that invest in government ormunicipal bondsare also common tax shelters. Though you still pay income tax on your initial investment when those dollars are earned, the interest generated by thesedebt securitiesis exempt fromfederal income taxes, so your investment generates annual income tax-free.7...