Tasos Katopodis / Getty Images Earnings not subject to income tax, whether federal or state, are referred to as exempt income. Exempt income is income that's not subject to income tax.

The House Ways and Means Committee approved a plan to make distributions of up to $29,200 a year from an Individual ...

Muni advocates are stepping up pressure on Congress to take the elimination of municipal bond tax exemption off the menu by ...

The Lifetime Capital Gains Exemption (LCGE) is one such mechanism that provides significant benefits to those who understand and apply it correctly. The LCGE is a tax provision available in ...

The exemption level is indexed for inflation, meaning these numbers have increased each year. The 40% top tax rate remains in place. This act expires on January 1, 2026 pushing the exemptions back ...

The municipal bond tax exemption, the bedrock of state and local infrastructure financing, is under unprecedented threat, and ...

The U.S. House passed budget plan that would extend Trump 2017 tax cuts, but what does it say on cutting taxes on overtime and tips for Pennsylvania?