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If buy a national muni bond fund your interest income will be free of federal taxes (but not state income taxes). One does buy a state muni bond fund that owns bonds from home state this interest income will be "double-tax free" for both federal assuring income .
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3) Possibly you opened up an IRA or Roth IRA. A person have don't possess a retirement plan at work, whatever amount you contribute up together with a specific dollar amount could be deducted from your very income to lower your place a burden on.
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