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  2. 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.

  3. What Does Tax-Exempt Mean? - AOL

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

    Tax-exempt means not being required to pay taxes on certain types of income. Find out which type of income is considered tax-exempt.

  4. Am I Tax Exempt? How to Tell - AOL

    www.aol.com/am-tax-exempt-tell-140052540.html

    Tax Exempt vs. Tax Exemption vs. Exempt Employee Tax-exempt means income is not subject to taxation. A tax exemption , on the other hand, is a provision in the tax code that allows you to remove ...

  5. Is My Business Tax-Exempt? - AOL

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

    For most entrepreneurs, taxes are a regular part of running a business. However, certain types of organizations can qualify as tax-exempt, meaning they are not subject to federal income taxes.

  6. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    For federal income tax, interest income on state and local bonds is exempt, while few states exempt any interest income except from municipalities within that state. In addition, certain types of receipts, such as gifts and inheritances, and certain types of benefits, such as employer-provided health insurance, are excluded from income.

  7. 527 organization - Wikipedia

    en.wikipedia.org/wiki/527_organization

    A 527 organization or 527 group is a type of U.S. tax-exempt organization organized under Section 527 of the U.S. Internal Revenue Code (26 U.S.C. § 527).A 527 group is created primarily to influence the selection, nomination, election, appointment or defeat of candidates to federal, state or local public office.

  8. Being exempt from federal withholding means your employer will not withhold federal income tax from your paycheck. When you claim certain deductions, they get subtracted from your annual gross income.

  9. Municipal bond - Wikipedia

    en.wikipedia.org/wiki/Municipal_bond

    Tax-exempt securities represented about 80% of trading volume in U.S. municipal bonds in 2020. [13] Interest income from most municipal bonds is excludable from gross income for federal income tax purposes, and may be exempt from state income tax as well, depending on the applicable state laws. [14] Internal Revenue Code section 103(a) is the ...

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