Bonds used to fund local and state government projects like buildings and highways are afforded tax-exempt status at the federal level. Plus, 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 municip...
Tax-Exempt Bonds A bond investor can opt formunicipal (muni) bondsovercorporate bonds, given that the former is exempt from taxes at the federal level. If the investor purchases a muni bond issued in their state of residency, the coupon payments made on the bond may also be exempt from st...
We can also help you track your federal tax refund and determine its status, as well as your state tax refund depending on what state income tax return(s) you filed. How Form W-4 affects your tax refund Did you know how you fill out Form W-4 with your employer can affect your tax...
Summary This chapter provides a broad outline of the federal income tax rules relating to tax-exempt municipal bonds. The topics covered include the rules relating to arbitrage, the private activity bond rules, and the remaining miscellaneous rules, including special rules for advance refunding bond ...
While the interest payments on munis are usually exempt from federal income taxes, other taxes may apply. It's important to know the rules, because municipal bonds are one of the few investments available to income-oriented investors looking to reduce their income tax bills. Here are seven type...
Before preparing your taxes, go through the following checklist. You may be surprised at how much time you save by organizing your information beforehand.
A letter report issued by the Government Accountability Office with an that begins "The outstanding amount of state and local government tax-exempt bonds has increased over the years. Congress is interested in whether the bonds are used for appropriate purposes since the federal government forgoes bi...
The traditional view of municipal finance holds that the federal tax-exemption of interest payments by state and local (municipal) governments provides a capital cost subsidy to municipal investment equal to the difference between interest rates on taxable and tax-exempt bonds. Recently, a new view...
Mary Jo Ochson, CFA Senior Vice President Chief Investment Officer Head of the Tax-Free Liquidity Investment Area and Short-Term Municipal Bonds Senior Portfolio Manager 1982joined Federated Hermes 42 yearsof experience Kyle Stewart, CFA Vice President ...
Hello, I’m Jill from TurboTax with some important information about federal tax refunds. There is no doubt that many taxpayers file their returns before the April deadline so they can get their tax refunds quickly. But remember, the IRS does need some time to process your...