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Tax-Free Income

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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-free income
The income received but not subject to income taxes. For example, interest from most municipal bonds is free of federal income taxes and often from state and local income taxes as well. Compare tax-deferred income, tax-sheltered income.


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The book includes chapters on tax basics and tax planning, tax credits, tax-free income, deferring income, using deductions to reduce taxable income, reducing taxes through investing, shifting income within the household, and choosing the correct filing status and tax exemptions.
CHICAGO -- The Board of Directors of DTF Tax-Free Income Inc.
055 per share from tax-free income and a long-term capital gain distribution of $.
 
 
 
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