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Do money market mutual funds pay interest or dividends 2024?

Benjamin Smith | 2023-05-07 10:50:03 | page views：1132
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Taylor Wilson

Studied at the University of Copenhagen, Lives in Copenhagen, Denmark.
Although not insured by the FDIC, most money market funds are insured by the Security Investor Protection Corp. up to $500,000. Money market funds pay their earnings as dividends, but these dividends do not qualify for a tax break -- they are taxed at your marginal interest rate unless the fund is set up to be tax-free.
2023-05-15 10:50:03
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Naomi Smith

QuesHub.com delivers expert answers and knowledge to you.
Although not insured by the FDIC, most money market funds are insured by the Security Investor Protection Corp. up to $500,000. Money market funds pay their earnings as dividends, but these dividends do not qualify for a tax break -- they are taxed at your marginal interest rate unless the fund is set up to be tax-free.
Is Money Market Income Dividend or Interest Income? - Budgeting ...
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