If you received tax-exempt interest, you should get a Form 1099-INT or a Form 1099-OID. You can find your tax-exempt stated interest in box 8 of Form 1099-INT. For a tax-exempt Original Issue ...

Lighten the load of big expenses: Tax exemptions make essential expenses easier to bear. If you’re paying off an education loan, the interest you pay can be claimed as an exemption under Section ...

The muni industry is trying to get to the bottom of questions around how the House arrived at savings estimates for ...

Having a savings account is common, but did you know that it can also help you save on taxes? If you opt for the old income ...

The IRS 90-day rule offers crucial protection to taxpayers, providing a clear timeline and process for disputing tax ...

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...

Opening a Certificate of Deposit in tax-advantaged accounts like an IRA or 401(k) can defer or even exempt taxes from interest earned. Some bonds and investments earn interest tax-free ...

such as capping the amount of tax-exempt interest a taxpayer can earn." "While this proposal might appear attractive to congressional negotiators, in practice, it would introduce significant ...

New York is one of twelve states that has a separate estate tax. New York’s estate tax exemption is lower than the federal ...

If you find out someone ... you are to face tax liability for the money you inherit. For example, surviving spouses, parents, children, and grandchildren are often exempt from paying inheritance ...

Image Source : PIXABAY Some people are confused between the terms tax-free and tax-exemption. Tax-free vs tax exemption: In a major relief to middle-class salaried people, Finance Minister Nirmala ...

No tax up to 12 lakh is for those who opt for New Tax Regime. For Old Tax Regime and Income above Rs 12 lakh, the tax slabs ...