Tax exemptions can reduce taxable income by excluding some income types. Federal tax exemptions for individuals are set at $0 through 2025. States like New Jersey offer various exemptions that ...

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 ...