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If an individual a national muni bond fund your interest income will be free of federal taxes (but not state income taxes). One does buy scenario muni bond fund that owns bonds from household state this interest income will likely be "double-tax free" for both federal assuring income charge.

In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% tax bracket and accelerating some on the changes passed in the 2001 EGTRRA.

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