Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
The hidden tax on municipal bond income Interest on municipal bonds is typically exempted from income taxes, but munis must still be factored into the calculations on modified adjusted gross income to determine deductions on other investments, according to Money. These include IRA contributions, student loan interest, self-employment tax and rental losses. Muni interest also factors into the new Medicare surtax and impacts how much a client pays in Medicare Part B monthly premiums. — Money
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