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Revision as of 18:39, 22 September 2024

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If you buy a national muni bond fund your interest income will be free of federal income taxes (but not state income taxes). If you buy a state muni bond fund that owns bonds from home state this interest income will be "double-tax free" for both federal and state income .

So far, so good. If a married couple's income is under $32,000 ($25,000 with regard to the single taxpayer), Social Security benefits aren't taxable. If combined earnings are between $32,000 and $44,000 (or $25,000 and $34,000 for a person person), the taxable amount Social Security equals the lesser of 50 % of Social Security benefits or half of the main between combined income and $32,000 ($25,000 if single). Up until now, it is not too perplex.

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