Want to defer paying some 2007 income taxes.?

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Is the money I use to purchase Municipal bonds considered tax deferred until the bond has matured?

2007-07-03 12:22:45 · 3 answers · asked by Julie P 1 in Business & Finance ➔ Taxes ➔ United States

No. Not unless they are in a 401k or IRA.

2007-07-03 12:26:14 · answer #1 · answered by Barkley Hound 7 · 0⤊ 0⤋

No it isn't. Interest can be tax-free, but the money you use to buy them isn't deductible.

2007-07-03 15:28:50 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

2007-07-03 12:25:59 · answer #3 · answered by Box815 3 · 0⤊ 0⤋