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Tax-Exempt Income
(redirected from Tax-Free Incomes)

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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.


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