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.

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.

Follow mymoneyblog. Jump to category: Taxable Vanguard money market funds Non-taxable Vanguard money market funds.

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.

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Is vusxx tax exempt

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If the fund meets that threshold and so far VUSXX does , then the percentage of dividends from US government obligations as reported by Vanguard at year end is excluded from state taxes. If you use an accountant, you should also double-check to make sure they use this information. Sergei says. Profit and prosper with the best of expert advice - straight to your e-mail. Follow mymoneyblog. This benefit is made possible because the fund holds short-term California municipal bonds. VUSXX is a good option for investors who are looking for a safe, liquid, and tax-efficient place to park their cash. To learn more about Vanguard money market funds, visit the provider's website. This could apply to certain residents with enough income in states like Oregon, Hawaii, or Minnesota but not California, Connecticut, and New York due to their unique restrictions mentioned earlier. How many people are in target funds? Post by rule of law guy » Sat Sep 09, pm.

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.

VUSXX is a good option for investors who are looking for a safe, liquid, and tax-efficient place to park their cash. VUSXX is a popular tax-exempt money market fund, but there are other options available to investors. February 3, at am. Do you know the difference? Post by anagram » Wed Sep 06, pm. Standard disclosure: Check with your state or local tax office or with your tax advisor to determine whether your state allows you to exclude some or all of the income you earn from mutual funds that invest in U. 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. February 1, at pm. March 5, at pm. Post by dkarst » Sat Sep 09, pm. I plan to hold it for rest of the year.