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

Cheap gas boosts holiday travel

With gas prices at the lowest they have been for Thanksgiving in five years, holiday travel this year will be up significantly, says AAA.  ... Read more


Connect with us