"For tax-exempt interest income, enter any interest you earned on which you paid no taxes." If you received tax-exempt interest, you should get a Form 1099-INT or a Form 1099-OID. You can find ...

Furthermore, the TCJA put a $10,000 cap on the state and local tax (SALT) deduction. If the cap is retained once the TCJA ...

Investopedia / Xiaojie Liu Form ... tax returns. Taxable interest is taxed at the same rate as ordinary income at the same rate as an individual's salary or wages. This excludes tax-exempt income ...

While the ITAT upheld the assessment of these gains, it overturned the Commissioner of Income Tax (Appeals)’s (CIT(A)) decision regarding the Section 54F exemption ... the same are to be quashed in ...

To determine your IRMAA liability for 2025, locate your Adjusted Gross Income (AGI) from your 2023 tax return. Then, add any tax-exempt interest income, foreign-earned income, and certain other ...

Putnam California Tax Exempt Income Fund earns an Average Process ... hews closely to peers' credit and interest-rate sensitivity over the past few years. Opening the analysis to additional ...

This strategy has benefited from the firm’s overhaul of its fixed-income operations over the ... relative to most rivals tends to take more interest-rate and sometimes more credit risk (though ...

Disclosures: TurboTax Free Edition is for simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). Roughly 37% of filers qualify.

Mostly anyone can file their taxes for free. But the best free tax software for you will depend on your filing situation. Danni Santana has spent seven years as an editor and business journalist ...

Tax software can help you file your return more quickly. Here's how to pick the best option for you. Danni Santana has spent seven years as an editor and business journalist covering industries ...