The hidden cost of the tax-exempt economy
It's time for Congress to reform the antiquated system of tax exemptions that has allowed billion-dollar entities that ...
Tax season 2025: This is who can apply for federal tax exemption and how
The aim of tax-exempt status is to support organisations that engage in activities that benefit the public or fulfill certain ...
SmartAsset on MSN3d
How Does Tax-Exempt Interest Income Affect FAFSA?
Eligibility for federal student financial aid is primarily based on income as reported for tax purposes. However, tax-exempt ...
Self Employed on MSN16d
Federal Estate Tax Exemption Rises in 2025
Estate tax changes in 2025. The Tax Cuts and Jobs Act of 2017 significantly raised the federal estate tax ceiling, but its provisions expire at the end of 2025. If the exemption r ...
Hartford Business13d
With Trump tax cuts set to expire, tax pros tell businesses not to wait to develop a succession plan
The TCJA nearly doubled the federal lifetime estate and gift tax exemption. For 2025, the exemption is $13.99 million per person and $27.98 million for a married couple. Any assets above the ...
OPPD says they'll work to 'mitigate' possible federal policy changes, fearing increased electric bills
At Tuesday's Omaha Public Power District's committee meeting, the district made clear they're keeping an eye on potential federal changes and cuts they fear could ultimately result in their customers ...
The Dominion Post12d
Senate committee moves bill to exempt overtime pay from income tax
Following the lead of President Trump, state senators are considering a bill to exempt overtime pay from personal income tax.