Is vusxx tax exempt

Post by retiringwhen » Wed Sep 06, am. Post by az » Wed Sep 06, am. Post by billaster » Wed Sep 06, am.

Updated January As the brokerage forms for are coming out, here is a quick reminder for those in states with local income taxes. If you earned interest from a money market fund, a significant portion of this interest may have come from US Treasury bills and bonds, which are generally exempt from state and local income taxes. Note: California, Connecticut, and New York exempt dividend income only when the mutual fund has met certain minimum investments in U. Vanguard has recently released the U. This tax update provides information to help you properly report your state and local tax liability on ordinary income distributions you received from your mutual fund investments in

Is vusxx tax exempt

Treasury securities. Money market funds are a type of mutual fund that invests in very short-term debt securities, such as Treasury bills and commercial paper. This makes them a very low-risk investment option, and they are also very liquid, meaning that investors can easily access their money when they need it. This means that the interest income that investors earn from the fund is not subject to federal income tax. This can be a significant benefit for investors who are in high tax brackets. VUSXX is a good option for investors who are looking for a safe and liquid place to park their cash. It is also a good option for investors who are looking for a tax-efficient investment. VUSXX is a good option for investors who are looking for a safe, liquid, and tax-efficient place to park their cash. VUSXX Tax exempt is also a good option for investors who are looking for a short-term investment option. Investors can also purchase VUSXX through some other brokerage firms, but there may be a commission associated with purchasing the fund through a non-Vanguard brokerage firm. VUSXX is a tax-exempt money market fund, meaning that the interest income is not subject to federal income tax.

Post by billaster » Wed Sep is vusxx tax exempt, am. Post by rene » Wed Sep 27, pm. Kent Thune, CFP, is a financial professional that helps individuals and businesses achieve their goals through a variety of delivery methods, including investment advice, financial planning and writing.

Vanguard money market funds don't get a lot of love from the investment community, nor do they receive much attention in financial media. More folks have started paying attention to money market funds amid the Federal Reserve's aggressive rate-hiking campaign, but they aren't exactly a scintillating topic, nor a breathtaking investment. They're effectively an investment vault — a place for investors to safely stash their cash until they find somewhere to deploy it. But just about every Vanguard investor's assets are held in one of these cash accounts, even if only for a brief period. Thus, it's wise to know how Vanguard's money market funds work, and which one is best for your needs. Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

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Is vusxx tax exempt

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Post by az » Wed Sep 06, am. Scott Cannon says. As of , the percentages were T-Bills Thank you! I figured it out. I'm Jonathan and I've been sharing my discoveries about money since The best stocks to give your grandchildren have certain qualities in common. Thank you so much for publishing this. March 5, at am. January 26, at am. Legal pages. Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Post by dkarst » Sat Sep 09, pm. Jonathan, please mention that a number of states, e.

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Two questions: There is Vanguard cash reserve federal money market and Vanguard federal money market. The one-year return at the end of August was 2. VUSXX Tax exempt is also a good option for investors who are looking for a short-term investment option. Post by RetireGood » Wed Sep 27, pm. Knowing where to invest your k money can be difficult. This is great info! A lot of us have large amounts in the target retirement funds and have been paying unnecessary state taxes. Quick links. The seven-day SEC yield is 5. First calculate the total percentage of box 1a from treasury obligations by adding up each piece and dividing it by my total dividend. Huang Published 25 December I have a T-Bill maturing almost every week. Thank you, Jonathan. Joejaynap says.