A It depends on the type of fund. Generally, the interest earned in bond funds is taxed at ordinary-income rates, reaching as high as 35 percent. But if the fund invests in tax-free municipals, all or part of the interest may be taxfree. In addition, some so-called “bond funds” invest in stocks that may pay qualified dividends taxed at a maximum 15 percent tax rate. Tip:You will receive a breakdown on the types of income on the Form 1099-DIV for 2006.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- New N.Y. 'wage theft' law imposes stiff penalties on employers
- You're not required to give reservists a post-duty rest period
- Legislature must sign off on government union contracts
- Worker turned down light-duty offer? That gives you an advantage in ADA lawsuit