Government obligations income information for tax year 2024 [pdf] for all their funds, which states This tax update provides information to help clients properly report state and local tax liability on ordinary income distributions received from mutual fund investments in 2024. As such it is considered one of the most conservative investment options offered by vanguard Vanguard offers six money market funds Which one is the best for you depends on your preference for convenience and your federal and state tax brackets. How much of vg prime mm (vmmxx) dividend is exempt from state tax
Depends on your federal tax bracket and the state you live in Vusxx has a rate of 2.3% and my choice (despite the 50k min) since i live in a high tax state Vmsxx is fed exempt and returns 1.3% You would need to do the math. California does allow the partial exemption for vmfxx Here is the text from the 2018 tax booklet
The proportion of dividends that are tax‑exempt will be shown on your annual statement or. State income tax on vmmxx interest by blackwhisker » fri jan 11, 2019 7:08 pm a vanguard representative told me only part of the vmmxx is taxable at the state level because vmmxx owns about 30% u.s
OPEN
