Post #11767 by AdrianC on the Berkshire Hathaway board

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- Manlobbi

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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For a US resident:

Tax treatment of Treasury bills (T-bills):
Federal tax: Income earned from T-bills is taxed federally by the Internal Revenue Service.
State tax: T-bill income is not subject to state tax.
Local tax: T-bill income is not subject to local income taxes.
Overall: T-bill income is partially but not entirely tax-exempt.

T-bills can have an advantage over money market funds, depending on where you live, etc.

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