tax-exempt interest income

Definition of "tax-exempt interest income"
  1. Income from interest that isn't subjected to income tax, commonly acquired from bonds issued by states, cities, counties, or the District of Columbia
How to use "tax-exempt interest income" in a sentence
  1. The reason many investors choose municipal bonds is for the tax-exempt interest income.
  2. George saved a significant amount on his taxes due to his tax-exempt interest income.
  3. Jane's portfolio includes a range of bonds that provide her with tax-exempt interest income.

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