Not included in Adjusted Gross Income (AGI). Represents interest on State and local government obligations, including tax-exempt interest dividends from a mutual fund or other regulated investment companies.
For additional information about the return filing requirements, see the annual reports, Statistics of Income-Individual Income Tax Returns at https://www.irs.gov/uac/soi-tax-stats-historical-data-tables.
U.S. Department of the Treasury. Internal Revenue Service, Individual Income Tax Filing: Tax-exempt Interest [TEXINT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/TEXINT, August 6, 2020.