Tax-Exempt 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 ?
For the sixth time, the Social Democratic Party (SP ) has put on the agenda the proposal concerning a "profit-shifting law", which will counteract tax-exempt income reductions.
San Diego-based Gurtin is an asset manager with a singular focus on maximizing tax-exempt income for high net worth individuals.
BlackRock California Municipal 2018 Term Trust (NYSE:BJZ), BlackRock New York Municipal 2018 Term Trust (NYSE:BLH) and BlackRock Municipal 2018 Term Trust's (NYSE:BPK) (together the funds) boards of trustees approved a special tax-exempt income distribution of USD0.195000, USD0.175000 and USD0.205000 per share, respectively, the funds revealed on Friday.
MUST is intended to serve as a core municipal bond allocation in investors' portfolios but can also complement traditional core holdings to deliver higher tax-exempt income and risk-adjusted return potential than traditional benchmark products.
If the trust or estate has tax-exempt income and administrative expenses, those administrative (indirect) expenses are not 100 percent deductible.
Aquino has filed a bill proposing the suspension of the TRAIN law and raising the ceiling for tax-exempt income but imposing higher taxes on oil and other products.
As a consequence, this tax-exempt income is still included in the computation of "Net Income" and can impact eligibility for various social programs, as well as some other calculations under the Canadian income tax system.
My analysis projects 35 cents of undistributed tax-exempt income will be embedded in the funds net asset value at the end of the term.
Sub-advised by Wellington Management company LLP ("Wellington Management"), this actively managed ETF is designed to provide financial advisors and their clients with an investing strategy that seeks tax-exempt income by investing in opportunities in investment grade and high-yield municipal bonds.
The Fidelity DMFs provide an investment option to investors interested in tax-exempt income over defined periods of time.
"From time to time over the past 20 years, Congress has entertained either limiting or eliminating the benefit of that tax-exempt income," Duprey said.
Minimum pay currently stands at 430 euros and tax-exempt income is 170 euros per month, making up 40 per cent of minimum pay.