Are any types of investment income non-taxable?

In Washington, certain types of investment income may be non-taxable. This income may include certain types of interest, dividends, and capital gains from investments. Interest on bonds issued by the state and its subdivisions, as well as qualified and municipal bonds, are non-taxable. Dividends and capital gains from investments in U.S. treasury obligations, and stock dividends up to $1,500, may also be non-taxable in Washington. In addition, any capital gains from investments held in tax-sheltered accounts, such as IRAs and 401ks, are generally non-taxable in Washington. Social Security benefits, as well as disability payments, may also be non-taxable in Washington. Furthermore, some income from rental properties may be non-taxable if you meet certain criteria. In general, it is important to note that in Washington, certain types of investment income may be non-taxable. While the exact rules for taxation of investment income vary from year to year and from state to state, it is important to check with a qualified tax professional to ensure that your income is accurately reported and that any applicable taxes are paid.

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Are any types of investment income non-taxable?

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