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Eligibility for federal student financial aid is primarily based on income as reported for tax purposes. However, tax-exempt ...
wichayada suwanachun / Getty Images Tax-exempt interest is interest income that is not subject to federal, state, and/or local income tax. Tax-exempt interest is a type of income that is not ...
"Individuals are always looking for a return on principal, and so tax-exempt interest is a very appealing item to individuals, especially those who live in zero-income-tax states," says Danny ...
Investors often use funds that generate exempt-interest dividends to manage tax-efficient income. This is especially true among those in higher tax brackets, where the benefits of tax-free ...
Municipal bond interest is exempt from all taxation unless the alternative minimum tax (AMT) applies. Taxpayers can exclude interest income redeemed from Series EE and Series I bonds issued after ...
Eligibility for federal student financial aid is primarily based on income as reported for tax purposes. However, tax-exempt interest income can impact a student's financial aid eligibility. Interest ...