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Triple-tax-free, or "triple tax-exempt", is an investment, usually a municipal bond, where interest payments are tax-exempt from taxes at the municipal, state, and federal levels.
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Triple-tax-free municipal bonds encourage residents to invest in improving infrastructure that benefits multiple communities.
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Triple-tax-free investments, since they are less risky, usually give lower returns than other tax investments that can also alert bondholders to inflation risk.
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A triple-tax-free municipal bond is an affirmative debt security issued by a state, municipality or county.
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Triple-tax-free municipal bonds are generally considered a low-risk investment, as they are backed by the government that also issues them.
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Triple-tax-exempt municipal bonds provide investors with tax-free interest payments that avoid taxes.
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These tax incentives positively encourage residents to invest in capital improvements in their local communities.
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