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  2. Is My Business Tax-Exempt? - AOL

    www.aol.com/finance/business-tax-exempt...

    Some businesses qualify for tax-exempt status at the federal level. — Getty Images/pcess609 For most entrepreneurs, taxes are a regular part of running a business.

  3. Personal exemption - Wikipedia

    en.wikipedia.org/wiki/Personal_exemption

    The personal exemption amount in 1894 was $4,000 ($109,277 in 2016 dollars). The income tax enacted in 1894 was declared unconstitutional in 1895. The income tax law in its modern form—which began in the year 1913—included a provision for a personal exemption amount of $3,000 ($71,764 in 2016 dollars), or $4,000 for married couples.

  4. Tax season 2025: Everything to know before you file, and how ...

    www.aol.com/finance/tax-season-2025-everything...

    Tax season 2025 will start Jan. 27 — that’s when the IRS will start accepting 2024 tax returns. The IRS said it expects to receive more than 140 million individual tax returns by the April 15 ...

  5. Tax exemption - Wikipedia

    en.wikipedia.org/wiki/Tax_exemption

    Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.

  6. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    Pennsylvania – 3.07% [33] (many municipalities in Pennsylvania assess a tax on wages: most are 1%, but can be as high as 3.75% in Philadelphia. [34] School districts may also impose an earned income tax up to Act 32 limits. [35] [36]) Utah – 4.85% (2022)

  7. How all 50 states tax retirement income: A comprehensive list ...

    www.aol.com/finance/states-that-tax-retirement...

    Starting in 2024, 50% of the income is exempt, higher than the 25% exemption in 2023. In tax year 2025, 75% will be exempt, and IRA income will be 100% exempt from 2026 onward. ⭐ Quick facts ...

  8. Sales taxes in the United States - Wikipedia

    en.wikipedia.org/wiki/Sales_taxes_in_the_United...

    Allegheny County has local sales tax of 1% on top of the PA sales tax rate that totals 7%. Philadelphia County has a local sales tax of 2% on top of the PA sales tax rate that totals 8%, which became effective October 8, 2009. Food, most clothing, and footwear are among the items most frequently exempted. [180]

  9. It's True: These 13 States Don't Tax Retirement Income - AOL

    www.aol.com/true-13-states-dont-tax-143019296.html

    And New Hampshire has levied a 3% tax on dividends and interest on investment income, but that's going away beginning in 2025. The four states that don't tax retirement income

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