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Revision as of 14:13, 2 May 2026


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Make sure you know the exemptions suited for the bond. For example, municipal bonds are generally exempt from federal taxes, and could be exempt from state and native taxes in the event that you 're a resident from the state.

In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% tax bracket and accelerating some of the changes passed in the 2001 EGTRRA.