In seeking to reshape elite universities, the Trump administration is using several tactics, including freezing federal ...

Knoxville wants to increase its sales tax. The proposal exempts groceries, and Tennessee already doesn't put a sales tax on ...

Here are answers to some common questions about the “no tax on tips” proposal: Trump first proposed to end taxation on tipped ...

In a recent letter ruling, the IRS determined that a networking organization operated and organized to provide members of the ...

The Big Beautiful Bill Act, which passed the House, includes an exemption on overtime taxes.

In the latest move against the Ivy League school, Trump on Friday said he will revoke Harvard University’s tax-exempt status. Those demands include ending DEI on campus; taking actions aimed at ...

What Does Tax-Exempt Interest Income Mean for FAFSA? You need to include tax-exempt interest on your Free Application for Federal Student Aid (FAFSA). As the instructions state, "For tax-exempt ...

The Trump administration is escalating its battle against Harvard University, reportedly threatening to revoke its federal tax-exempt status and costing the institution potentially a billion ...

Does Harvard’s status as a federally-exempt institution automatically mean it is tax exempt on the state and local levels? No, Massachusetts requires organizations seeking tax-exempt status to ...

Investopedia / Theresa Chiechi Tax-exempt refers to income or transactions that are free from tax at the federal, state, or local level. The reporting of tax-free items may be on a taxpayer's ...

Property tax rates continue to rise in Texas, but some homeowners may be paying more than they have to in property taxes. Texas offers multiple exemptions that can significantly reduce property ...

Important Note: Tax-exempt does not mean you don’t have to report the income on your tax return. However, it will not be added to your taxable income on your return. Tax-exempt entities are ...