Tax-exempt income fund
Definition: [crh] A mutual fund that seeks income that is exempt from federal and, in some cases, state and local income taxes.
Tax-exempt income
Dividends and interest not subject to federal and, in some cases, state and local income taxes.
Tax-exempt sector ...
tax-exempt income
current compensation that is never taxed
tax shield (of depreciation) ...
Tax-exempt income fund
A mutual fund that seeks income that is exempt from federal and, in some cases, state and local income taxes.
Tax-exempt money market fund
A money market fund that invests in short-term tax-exempt municipal securities.
tax-exempt income that, for comparative purposes, has been increased by an amount equal to the taxes that would be paid if this income were fully taxable at statutory rates.
See also taxable-equivalent yield
Related Terms: ...
State tax-exempt income fund
A mutual fund that seeks current income exempt from federal and a specific state's income taxes.
Notes mature in one to ten years and bonds mature in more than ten years. Demand deposit securities are one-day certificates rolled over with a rate adjustment daily.
State tax-exempt income fund ...
This allocation may also have an impact on the deductibility of attorneys' fees and court costs since IRC ยง 265 expressly denies any deduction for expenses related to tax-exempt income.
expenses, including interest, paid to generate tax-exempt income
federal income tax ...
Because mutual funds have specific investment objectives such as growth of capital, safety of principal, current income or tax-exempt income, you can select one fund or any number of different funds to help you meet your specific goals.
Tax-exempt
Income that is not subject to federal income tax, such as interest from state and municipal bonds. Tax-exempt income may be subject to state taxes. (Use this instead) ...
GENERAL MUNICIPAL BOND FUND A fund that invests primarily in bonds issued by municipalities throughout the country, and which generate federally tax-exempt income.
Munis generally pay interest at a lower rate than similarly rated corporate bonds of the same term. However, they appeal to investors in the highest tax brackets, who may benefit most from the tax-exempt income.
Municipal bond fund ...
A bond offered at a dollar price less than par (100%) which qualifies for special treatment under federal tax law. For tax-exempt municipal bonds, the difference between the issue price and par is treated as tax-exempt income rather than as a capital ...
For example, in 2010, the IRS limited the total additional child tax credit amount to 15 percent of an individual's taxable income (including combat pay, a tax-exempt income).
 See also: Expense, Bills, Saving, Banks, Tax bracket
  
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