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Revision as of 01:32, 5 September 2026
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If I give her the $100 bill at home, it's clearly a nontaxable gift idea. Yet if I present her with the $100 at her place of employment, the government says she owes income tax on it also. Why does the venue make a difference? Muni bonds should be owned inside your taxable brokerage accounts, and not in your IRA or 401K accounts because income in those accounts has already been tax-deferred. That makes his final adjusted gross income $57,058 ($39,000 plus $18,058).
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