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No, interest earnings from municipal bonds are not tax exempt at the federal or state level.
Municipal Bond
Municipal Bond
No they are not. Municipal Bonds are generally tax exempt for interest paid on them on Federal Income taxes. Sale of Municipal Bonds are reported on your personal tax return and therefore any gain on the sale will be reported on Schedule D.
Municipal Bonds are bonds that are tax exempt from many tax offices. Municipal Bonds are exempt from tax when they are accepted by the local tax office depending on the law of the state.
Taxable municipal bonds are bonds issued by governments (municipal bonds) that are NON-tax exempt (most munis are.) They are often better for IRA investments than tax-exempt bonds because they tend to pay higher interest rates and IRAs are tax exempt anyway. They are issued for a variety of reasons (often, they don't count against a bond issuers' cap) but, in part, because they are a good investment vehicle for IRAs and other tax exempt accounts.
The federal government does not tax state and local governments and tax-exempt organizations such as churches and charities.
If the municipal bond is issued by the jurisdiction in which the bondholder resides, the interest is tax-exempt from both the federal government and the state government. If there is a local income tax, the interest is tax-exempt at this level, too.
Exempt interest and exempt dividends from qualified municipal bonds.
Tax-exempt organizations such as non-profit and various social and religious organizations.
Exempt from what specifically, taxes? No I don't believe so. Regardless of whether you are permanent staff or locums tenens (temporary) you must pay taxes; federal, state and municipal/county. Hope this answers your question.
Municipal bonds, which are issued by cities, states and other local government entities, are free from federal taxes. And if the bond is issued in the state in which you live, they're also free of state and local taxes.