WebApr 11, 2024 · Tax-exempt interest state allocation. On the 1099-div for a brokerage account, box 12 Exempt-interest dividends, I have an entry for the state I live in, which is MA, and a line for all nonresident states, which is XX. At the end of box 12 it asks for the state where the dividends were earned. In the past, I've always entered MX, but the … Webreside in that state, exempt-interest dividends paid by the fund may be exempt from both regular federal and state income taxes. In some states they may also be exempt from local income taxes. If you own a national municipal bond fund, a portion of your exempt-interest dividends may be exempt from state income taxes depending on the state in ...
Updated in February 2024, to include Strategic ... - Fidelity Investments
WebApr 11, 2024 · Fidelity Government Money Market Fund (SPAXX) 0.42%. 31% (0% in CA, CT, NY) Fidelity Treasury Money Market Fund (FZFXX) 0.42%. 30% (0% in CA, CT, … WebFeb 5, 2024 · This is because all dividends and interest within an IRA are tax-exempt. State Income Tax The dividend interest that is federally exempt may or may not be exempt from state taxes,... calyrex counters
Instructions for Form 1099-DIV (01/2024) Internal Revenue …
WebFor exempt interest dividends to be untaxed by CA, 50%+ of the exempt interest must be from CA sources, typically municipal bonds. As it is unlikely in the extreme that the $950 had anything remotely close to that 50% CA threshold, that portion is CA taxable. WebMar 31, 2024 · Strategy. Normally investing at least 80% of its assets in U.S. dollar-denominated municipal money market securities and high quality investment-grade municipal debt securities whose interest is exempt from federal income tax. Investing up to 10% of assets in lower quality investment-grade securities. Web1 day ago · Money funds this year are yielding 4.7% on average, compared with the 7.2% total return (appreciation and dividends) for the S&P 500 stock index and 3.4% for the … calyrex evs