GOP Eyes Taxes on Municipal Bond Interest: What Investors Need to Know


You may have heard that key provisions of the 2017 Tax Cuts and Jobs Act (TCJA), also known as the “Trump tax cuts,” are set to expire at the end of this year. As a result, Republican lawmakers, currently controlling both chambers of the U.S. Congress, are exploring several controversial proposals to pay for what the Congressional Budget Office (CBO) estimates could be $4.5 trillion in extended tax breaks over ten years.

One option reportedly on the table that could affect millions of U.S. households? Eliminating or limiting the tax exemption on municipal bond interest.



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