Munis from your state of residence: federal + state + local income tax-free.
Interest on state/local government bonds is exempt from federal tax (§103). If issued by your STATE of residence, it's also exempt from your state (and often local) tax — 'triple tax-free.' High earners in CA (13.3%), NY (10.9% + NYC), NJ (10.75%), OR (9.9%) get outsized value: a 4% CA muni ≈ 7.5% taxable equivalent yield for a top-bracket resident. Watch for AMT-preference bonds (private activity), state credit risk, and duration.
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Multiply the $10M §1202 exclusion across multiple trusts.
4% corporate tax + 0% capital gains for bona fide residents.
Stack the $500K primary-home exclusion on top of a 1031 deferral.
Convert Traditional to Roth during sabbaticals or business-loss years.
Capitalize property taxes and interest on undeveloped land.
Deduct now, control forever, employ heirs.
Ordinary loss (not capital loss) on failed small biz — up to $100K.
Buy leveraged real estate inside your IRA — tax-deferred or tax-free.