Sentences with phrase «exempt interest income»

The Internal Revenue Service supplies your tax filing status, your adjusted gross income, and your tax - exempt interest income to the Social Security Administration to determine your income for the purpose of seeing what your premiums will be.

This separately managed account seeks to generate federally tax - exempt interest income while limiting risk to principal over the long term.

This separately managed account offers investors a diversified portfolio of investment - grade bonds and seeks to generate federally tax - exempt interest income, while limiting risk to principal over the long term.

For example, if you subscribe to an investment newsletter that helps you select your taxable investments and doesn't have anything to do with your exempt interest investments, you're not required to allocate part of that expense to your exempt interest income.

As a result, it's possible that having a greater amount of exempt interest income can increase the amount of tax you pay on your Social Security income.

Legislative risk The risk that a change in the tax code could affect the value of taxable or tax - exempt interest income.

Learn more about interest income and whether is qualifies as taxable or tax exempt interest income from the tax experts at H&R Block.

It includes tax - exempt interest income like you'd get from a municipal bond.

Your MAGI can change based on the deduction, but it's essentially your AGI plus any deductions the IRS requires you to add back in, like tax exempt interest income.

For example, while you will report tax exempt interest income on your tax return, it won't be included in your final AGI.

Municipal securities may also be subject to the alternative minimum tax and legislative and regulatory risk which is the risk that a change in the tax code could affect the value of taxable or tax - exempt interest income.

Not exact matches

Tax exemptions In general, the interest you earn from your tax - exempt municipal securities is exempt from federal income tax and in some cases, state or local income tax, depending on whether you are a resident of the state that issued the bond.

Tax advantages Interest income from Treasury bonds is exempt from state and local income taxes, but is subject to federal income taxes.

In addition to providing a source of income and diversification, the interest income on municipal bonds generally is exempt from federal income tax and may also be exempt from state and local taxes for residents in the state where the bond is issued.

If a fund investor is resident in the state of issuance of the bonds held by the fund, interest dividends may also be exempt from state and local income taxes.

Interest income generated by municipal bonds is generally not subject to federal taxes, and may be tax - exempt at the state and local level as well, if the bonds were issued by the state in which you live.

Interest income generated by municipal bonds is generally expected to be exempt from federal income taxes and, if the bonds are held by an investor resident in the state of issuance, state and local income taxes.

debt obligations of the U.S. Government with maturities of 10 years or longer; coupon interest for Treasury bonds is exempt from state and local taxes, but is federally taxable; interest income may also be subject to alternative minimum tax

interest from municipal bonds as well as distributions from mutual funds that qualify as exempt interest dividends; this income is generally not subject to regular federal income taxes; note that Fidelity reports this information to the IRS, and may be required to report the information to tax authorities in California among other states; the total amount or a portion of tax - exempt income (reported as specified private activity bond interest) must be taken into account when computing the federal Alternative Minimum Tax (AMT) applicable to individuals and may be subject to state and local taxes; you are required to report tax - exempt income on Form 1040, and may be required to report it on your state tax return as well

These are exempt from state income tax and backed as to the timely payment of principal and interest.

These are exempt from state income tax and are either guaranteed or backed as to the timely payment of principal and interest.

To determine the amount of income derived from each jurisdiction, multiply the total tax - exempt interest you received from the fund during the calendar year, as reported on Form 1099 - DIV, box 10 by the percentage shown.

Other shareholders can determine the AMT reportable specified private activity bond interest by multiplying the percentage shown by the total Tax - Exempt Income Dividends received during the year as reported on their annual Year - End Asset Summary Statement.

If a fund's investor is a resident in the state of issuance of the bonds held by the fund, interest dividends may also be exempt from state and local income taxes.

In some states, interest on bonds issued by that state, and the municipalities within it, are also exempt from that state's income taxes.

Net investment income does not include tax - exempt interest from municipal bonds (or funds); withdrawals from a retirement plan such as a traditional IRA, Roth IRA, or 401 (k); and payouts from traditional defined benefit pension plans or annuities that are part of retirement plans.

Fidelity ® Conservative Income Municipal Bond Fund (FCRDX) This fund, whose income is normally exempt from federal income taxes, might be appropriate for investors looking for more yield than money market funds are providing, and wanting to take a more conservative approach to both credit and interest rate risk than many other bond Income Municipal Bond Fund (FCRDX) This fund, whose income is normally exempt from federal income taxes, might be appropriate for investors looking for more yield than money market funds are providing, and wanting to take a more conservative approach to both credit and interest rate risk than many other bond income is normally exempt from federal income taxes, might be appropriate for investors looking for more yield than money market funds are providing, and wanting to take a more conservative approach to both credit and interest rate risk than many other bond income taxes, might be appropriate for investors looking for more yield than money market funds are providing, and wanting to take a more conservative approach to both credit and interest rate risk than many other bond funds.

Normally at least 80 % of the fund's assets are invested in municipal securities whose interest is exempt from federal income tax.

Funding for the approximately $ 40 million redevelopment project comes from several sources including: New York State Homes and Community Renewal's Housing Finance Agency (HFA) provided $ 20.73 million of tax - exempt bond financing, a $ 5.27 million New Construction Capital Program low interest subsidy; HFA Middle Income Housing Program loan of $ 2.76 million and a 4 percent Low Income Housing Tax Credit annual allocation of just over $ 1 million which leverages nearly $ 10 million of Low Income Housing Tax Credit equity.

Executive budget provisions included; also under Article 9A: includes IRC § 951A (GILTI) income under definition of exempt CFC income; decouples from federal cap on business interest deduction; decouples from federal cap on deduction of FDIC premiums; makes same changes in NYC corporation tax.

Such bonds function as an alternative to direct public financing of housing projects: Since interest income on PABs is tax exempt, investors are willing to buy them at very low interest rates, and this makes it relatively affordable for states, municipalities, and nonprofits to finance housing (and hospitals, infrastructure, and other public works) through the private capital market.

This does not account for a significant chunk of Cuomo's investment income, $ 27,803, which was tax - exempt interest on government bonds that the governor holds through a blind trust account with AMG National Bank.

Oh, and that USA friend of mine — she has a municipal bond portfolio where she a) is earning over 4 % on average, and b) pays NO TAXES on the interest income whatsoever (munis are exempt).

The interest income from tax free municipal bonds is exempt from federal income tax.

The IRS adds up half of all the Social Security benefits you've received in a year, tax exempt income such as tax - exempt interest, and any other taxable income including unemployment benefits.

You'll have to pay federal income tax on interest from these bonds, but the interest is generally exempt from state tax.

For Senior Citizens, the Interest income earned on Fixed Deposits & Recurring Deposits (Banks / Post office schemes) will be exempt till Rs 50,000 (FY 2017 - 18 limit is up to Rs 10,000).

Interest income generated by Treasury bonds and certain securities issued by U.S. territories, possessions, agencies, and instrumentalities is generally exempt from state income tax but is generally subject to federal income and alternative minimum taxes and may be subject to state alternative minimum taxes.

The fund's investment objective is to provide a high level of current interest income that is exempt from federal and Virginia state income taxes.

The effect of the exempt current pension income provisions is preserved for the entire value of superannuation income stream interests until:

The fund's investment objective is a high level of current interest income that is exempt from federal income tax and New York State and New York City personal income taxes.

The fund's investment objective is a high level of current interest income that is exempt from federal and California state income taxes.

As an example, interest on some tax - exempt municipal bonds is added to the AMT calculation as taxable bond income.

In addition to capital gains distributions, fund distributions may include nonqualified ordinary dividends (taxed at ordinary income tax rates), qualified dividends (taxed at rates applicable to long - term capital gains if holding period and other requirements are met), exempt - interest dividends (not subject to regular federal income tax) and nondividend, or return of capital, distributions, which are not subject to current tax.

Since interest income from U.S. Treasury obligations is often exempt from state and local taxation, this could translate into a state tax break for shareholders.

Also unlike OID, market discount is taxable income regardless of the tax - exempt nature of a bond's interest income.

The interest you earn on munis is generally exempt from federal income tax, although you might have to pay state or local taxes or include capital appreciation on your federal tax return from purchasing discounted munis.

For tax - exempt municipal OID bonds, this income is not subject to the ordinary income tax, although it is required to be reported for informational purposes in the same manner as other tax - exempt bond interest.

Minnesota requires an addback of the full federal tax exempt - interest dividend excluded from federal income if less than 95 % of the federal tax - exempt dividend is derived from Minnesota - source obligations.

The first $ 1,050 of the account's unearned income (interest, dividends or capital gains) is exempt from federal income tax if the child is under age 18 at the end of the tax year.