Because Illinois state and municipal bonds offer unique tax advantages—typically being exempt from federal income tax and sometimes state taxes for Illinois residents—they are a popular choice for stable income. 1. Buying Through a Brokerage
If you don't want to pick individual bonds, you can buy shares in a fund that manages a basket of Illinois municipal debt. how to buy illinois bonds
: While individual bonds often require a $5,000 minimum investment, funds often allow you to start with much smaller amounts. 3. Participating in New State Issuances Because Illinois state and municipal bonds offer unique