Another change that will affect some investors is that tax-exempt interest must now be reported on line 9.
That is the case with the charitable contribution deduction and tax-exempt interest.
Your records also can prove that certain amounts are not taxable, such as tax-exempt interest.
Another new area of focus is expected to be the amount of tax-exempt interest that taxpayers are required to report this year for the first time.
They had tax-exempt interest of $1,861 from municipal bonds.
Here, investors would be allowed to earn tax-exempt interest.
Do not report this interest on your tax return as tax-exempt interest.
The couple also received $9,917 in tax-exempt interest.
Some Social Security benefits are taxed when a married couple's gross income, plus tax-exempt interest, exceeds $32,000.
The Cheneys also had $559,461 of tax-exempt interest.