A Status Taxes - Part 1: Difference between revisions
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Revision as of 23:27, 10 November 2024
Investing in bonds is really a good to help earn reasonable returns, how do you know whether a tax free bond or simply a taxable bond is approach investment? A bond is simply the lending of money to another party. Bonds are issued as to safeguard the money loaned. Most bonds can be corporate or governmental. These are traditionally issued in $1,000 face money. Interest is paid a good annual or semi-annual premise. Corporate bonds are taxable, while some governmentals are non-taxable. Municipal bonds and I-bonds (issued by the U.S. Treasury) are non-taxable.
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If acquire a national muni bond fund your interest income will be free of federal fees (but not state income taxes). One does buy scenario muni bond fund that owns bonds from home state this interest income will be "double-tax free" for both federal and state income irs.
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