State Tax Maps

FNMA / FHLMC Bond Interest

Fannie Mae and Freddie Mac bond interest: no statutory exemption, so every income-tax state taxes it. Don't confuse with FHLB and FFCB interest, which 12 U.S.C. §1433 and §2023 exempt from state tax in every state.

TY 2025
Taxable at ordinary rates
Exempt (no income tax / out of base)
Territory (taxable)
every value cited to primary .gov statute · click any state for the sourcealbatross.tax

TY2025. FNMA/FHLMC enabling statutes grant no bondholder exemption. FHLB and FFCB bond interest, by contrast, is exempt everywhere under 12 U.S.C. §1433 and §2023 (their own enabling statutes); no map needed. No-tax states and WA (CG excise does not reach interest income) are exempt by default. Philadelphia is exempt because the Wage Tax and NPT do not reach investment interest income.