taxes

What is tax-exempt?

 

What is tax-exempt?

The Bankrate.com financial term of the day is: "tax-exempt."

Not all income is subject to income taxes; some of it is tax-exempt. You don't have to pay federal tax on earnings that are tax-exempt, including the interest on municipal bonds.

You'll typically owe the government at least a little something out of the money you make, except on income that's tax-exempt.

For help making sense of your taxes, visit the Taxes section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Car buyers trade hybrids for SUVs

Car buyers are trading in their hybrids and electric cars for more gas-guzzling vehicles at a faster pace than ever before.  ... Read more


Connect with us