One such proposal, which has gained support from political right and left, is to increase personal federal income tax exemptions for dependent children. (religion-online.org)
On the top of this, there are certain conditions that are applicable for this type of income tax exemption. (policybazaar.com)
Tax - exempt mutual funds earn interest from the state and local bonds they own, so they share the same federal income tax exemption. (cfs4me.com)