Municipal Bonds: A Tax-Friendly Way to Put Capital to Work
Originally from Broadridge Content. Read the original article on the publisher’s site.
Muni bonds (or munis) are unique investments in that the interest is generally exempt from federal income tax, as well as from state or local taxes if you live in the state where the bond was issued. For this reason, they have long been a mainstay in the portfolios of income-focused investors who want to manage their tax burdens. The tax-free income offered by municipal bond investments may look even better to investors in high-cost states, partly because the federal deduction for state and local taxes (SALT) is limited.*
Related Articles
A gift in the present tense
September can often feel a little nostalgic. Seeing children head back to school can remind us of our own school days, or when our kids were that age - it doesn't feel long ago at all.
Bond ructions point to new danger zone in markets
Sell-offs of this scale and speed have the potential to light fires in other parts of the financial system.
How I built a million-pound sponge brand in my 40s — and got into Tesco
Seep founder Laura Harnett shares the harsh reality of winning over supermarket buyers, why age is an unfair advantage, and how backing an "unsexy" idea paid off.