Are money market mutual funds taxable 2024?
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(Other cash investments include certificates of deposit and bank savings accounts.) ... Some money-market funds are taxable; others are exempt from federal income tax (and some are exempt from state and local taxes, too) because of what they invest in. Generally, tax-exempt funds pay lower yields than taxable funds do.
2023-05-16 11:49:55
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Amelia Patel
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(Other cash investments include certificates of deposit and bank savings accounts.) ... Some money-market funds are taxable; others are exempt from federal income tax (and some are exempt from state and local taxes, too) because of what they invest in. Generally, tax-exempt funds pay lower yields than taxable funds do.