Interest income earned on government obligations issued by a state or local government (e.g., the state of Ohio) is generally subject to Federal income taxation.

Name: Interest income earned on government obligations issued by a state or local government (e.g., the state of Ohio) is generally subject to Federal income taxation.
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Interest income earned on state or local government obligations, such as municipal bonds, is generally exempt from federal income taxation.

Interest Income Earned on Government Obligations Issued by a State