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The deduction from your tax-free income will make up the difference.

Under the terms of these policies, an individual then can borrow and receive that return as tax-free income.

Investors see this as a nice way to get a stream of tax-free income.

The amount you're left with is the tax-free income you receive in the current year.

Anything left is the remaining amount of tax-free income that you're entitled to in the current tax year.

"This is why so few people enjoy tax-free income," he said.

A reverse mortgage allows people to get tax-free income from the value of their home.

But demand for the bonds, which generate tax-free income, is expected to be strong because of higher top tax rates.

The mix produced an annual tax-free income of $5,709, or $476 a month.

One later estimate put the family's tax-free income at more than $50,000 during peak years.