Municipal Bonds Interest Rate… And A Look At Other Tax-Free Options

Municipal Bonds Interest Rate… And A Look At Other Tax-Free Options How can you not love income and investments that can’t be taxes? Although in theory I agree with taxes being taken and do think it’s ok for them to be fairly high (if they are being spent on the right things) it’s still good to take your rightful tax breaks, opportunities and investments to save cash on the whole deal and pay less overall tax . So let’s take a brief look at a few options. Municipal Bonds Interest - Municipal bonds are offered by a state or territory and the interest isn’t taxed by the feds, in some cases it’s not taxed by the state. The interest rate at about 5% is actually worth a lot more to you because it is tax free, this gives the result that the higher earner you are the more valuable this is to you! Municipal Bonds Interest Rate… And A Look At Other Tax-Free Options Carpooling reimbursement – Believe it or not if a friend gives you cash towards a carpool it may well be income you don’t have to declare. If you drive to work anyway then why on earth not do this? Home sale profit – A 1997 tax law enabled people to be exempt for $250k of their home sale profit if it was the principle residence in 2 of the last 5 years. Health care from your employer – If you can get your employer to pay for  health coverage in some way then this is effectively tax-free. Even taking a wage drop and having them pay the premiums will give you a solid boost although don’t offer this option freely! Transport to work – Your company can pay up to $230 a month towards your transport and you’ll receive that tax-free, again something worth dropping from your pay packet in order to save more! I suggest you head on over to the MSN slideshow where these tax-free ideas came from for a few more suggestions and much more detail. Municipal Bonds Interest Rate… And A Look At Other Tax-Free Options From what I can see it seems that if you can convince your employer to pay for a lot of things you traditionally pay for and then deduct this from your pay packet they can save some through write offs and deductions and you can save a pretty penny in non-taxable benefits. Along with some municipal bonds and maybe some carpooling you could bring your taxes right down. Sounds like a lot of work but probably well worth it for the savings! Do you do any of these or have any other ideas for finding income that can’t be taxed? Thanks for reading.

See more here:
Municipal Bonds Interest Rate… And A Look At Other Tax-Free Options