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  2. 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.

  3. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.

  4. 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.

  5. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    Advance payments of tax are required in the form of tax withholding or estimated tax payments. Due dates and other procedural details vary by jurisdiction, but April 15, Tax Day is the deadline for individuals to file tax returns for federal and many state and local returns. Tax as determined by the taxpayer may be adjusted by the taxing ...

  6. Tax Tips: What is an exemption? - AOL

    www.aol.com/news/2008-01-17-tax-tips-what-is-an...

    An exemption is a deduction allowed for the taxpayer, a spouse, and dependents. Essentially, people who are supported by the income of the spouse and the taxpayer can become an exemption, if all ...

  7. Republican proposes senior tax exemption as Democrats ...

    www.aol.com/republican-proposes-senior-tax...

    If approved, the measure would exempt all “real property” owned by individuals over 75 years old. According to 2023 U.S. Census data, more than 487,000 Washingtonians, or about 6.3% of the ...

  8. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Donors of gifts in excess of the annual exclusion must file gift tax returns on IRS Form 709 [100] and pay the tax. Executors of estates with a gross value in excess of the unified credit must file an estate tax return on IRS Form 706 [101] and pay the tax from the estate. Returns are required if the gifts or gross estate exceed the exclusions.

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