Tax-Exempt Income

(redirected from Tax Free Income)

Tax-exempt income

Dividends and interest not subject to federal and, in some cases, state and local income taxes.

Tax-Exempt Income

Income that is not subject to taxation. Additionally, certain income an individual or corporation derives may be tax exempt, even though the individual or corporation would owe taxes otherwise. For example, coupons from a municipal bond are tax exempt at the federal level. See also: Tax credit, tax deduction.

Tax-Exempt Income

Income that by law is not subject to income tax.
References in periodicals archive ?
SouthTrust Alabama Tax Free Income Fund gives tax-sensitive Alabama residents the opportunity to pursue double-tax-free income -- income free from federal regular income tax and Alabama income tax.
BOSTON -- Pioneer Investments announced today that shareholders of Pioneer Municipal and Equity Income Trust (NYSE: PBF) approved the merger of PBF, a closed-end fund, into Pioneer Tax Free Income Fund, an open-end fund, at a shareholder meeting held on September 11, 2008.
CHICAGO, April 20 /PRNewswire/ -- The Boards of Trustees of Nuveen Select Tax-Free Income Portfolio 3 (NYSE: NXR) and Nuveen Select Tax Free Income Portfolio 4 (NYSE: NXS) have approved a merger of the two exchange-traded portfolios.
BOSTON -- Pioneer Municipal and Equity Income Trust (NYSE: PBF) and Pioneer Tax Free Income Fund announced today that each fund's Board of Trustees has approved a plan to merge PBF, a closed-end fund, into Pioneer Tax Free Income Fund, an open-end fund.
SouthTrust Alabama Tax Free Income Fund (STAIX) into Evergreen Alabama Municipal Bond Fund (EALYX; new)
1 billion and the addition of seven new investment products, including Pioneer Municipal Bond Fund, Pioneer California Tax Free Income Fund and Pioneer Growth Opportunities Fund.
The team also manages Pioneer America Income Trust, Pioneer Bond Fund, Pioneer Tax Free Income Fund and Pioneer Strategic Income Fund.
In addition, in qualifying borrowers, UCMC has provided, and will continue to, provide fair consideration on non-traditional sources of income, such as assistance from family members, disability income, and other unearned income and provide full valuation for tax free income.
The seven funds included in the Dupree Family are as follows: Kentucky Tax Free Income Series; Kentucky Tax Free Short-to-Medium Series; Tennessee Tax Free Income Series; Tennessee Tax Free Short-to-Medium Series; Government Bond Fund; North Carolina Tax Free Income Series; and North Carolina Tax Free Short-to-Medium Series.
Ten years ago the AARP Investment Program from Scudder was designed to offer a family of mutual funds to help meet the investment needs most often expressed by AARP members -- safety of principal, current income, tax free income, and growth of capital," explains Cuyler Findlay, chairman of the AARP Investment Program from Scudder.