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Revision as of 01:34, 11 November 2024

Taxpayers may be found to wonder if a smaller amount of tax overdue is permitted a tax relief. Well, considering that many are facing financial difficulty, a tax debit relief will really bring literal relief to troubled taxpayers. This no matter how small sum of tax debt there could be.

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

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