The break is the result of a compromise between Democrats and Republicans. As Americans file their tax returns for 2020 -- a year riddled with job insecurity -- millions who relied on unemployment ...

Eligibility for federal student financial aid is primarily based on income as reported for tax purposes. However, tax-exempt interest income can impact a student's financial aid eligibility. Interest ...

As the deadline for filing Income Tax Returns (ITR) approaches, many taxpayers are often confused about three key terms—rebate, deduction, and exemption. While all three help in reducing the tax ...

When considering tax-efficient investment options, many investors wonder which mutual funds are tax-exempt. These funds, usually municipal bonds, generate income that is often exempt from federal and ...

Exempt-interest dividends, typically distributed by municipal bond funds, are generally not subject to federal income tax, but they can be impacted by the alternative minimum tax (AMT) . Certain ...

This constitutional amendment would allow more disabled veterans to qualify for a property tax exemption for a portion of their primary residence’s value. What’s known as the homestead exemption is ...