HomeDefinitionsCompareDebt Tax exempt incomeThe financial definition for Tax exempt income:Dividends and interest not subject to federal and, in some cases, state and local income taxes. Similar MatchesExempt securitiesExempt securitiesInstruments exempt from the registration requirements of the Securities Act of 1933 or the margin requirements of the SEC Act of 1934. Such securities include government bonds, agencies, munis, commercial paper, and private placements. ExemptionExemptionDirect reductions from gross income allowed by the IRS. Personal exemptionPersonal exemptionAmount of money a taxpayer can exclude from personal income for each member of the household in calculation of a tax obligation. Further SuggestionsShort exemptShort term tax exempts Small issues exemption Tax exempt bond Tax exempt income fund Tax exempt money market fund Tax exempt sector Click to compare definitions of Tax exempt income Click to view definitions beginning ta |