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 tax-free. 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
- When employee complains about discrimination, be alert for signs bosses are retaliating
- Johnson & Johnson sued again, this time from the executive suite
- Does California's human trafficking notice requirement apply to all industries?
- Minor adjustments: Complying with federal teen labor rules