Eligibility for federal student financial aid is primarily based on income as reported for tax purposes. However, tax-exempt ...

Interest on certain government obligations Tax-exempt interest can come from state or ... You should report all interest income earned during the tax year via Form 1040. If you have more than $1,500 ...

By diversifying your retirement income sources to include some of these tax-free options, you can potentially lower your ...

Examples of itemized deductions include medical expenses, mortgage interest, and charitable donations. Distributions from health savings accounts (HSAs) are only exempt from income tax if they are ...

Elfun Tax Exempt Income Fund earns an Average ... The investment seeks a high level of current interest income exempt from federal income taxation as is available from a concentration of ...

The aim of tax-exempt status is to support organisations that engage in activities that benefit the public or fulfill certain social or charitable purposes.

Report the interest income on your tax return, and attach Schedule B for ... issued by your home state is not taxable there. Tax-exempt interest can come from state or local government obligations ...