WASHINGTON (AP) — A proposal by Republicans in Congress would allow President Donald Trump’s administration to remove the tax ...

Nixon plotted to use the IRS to target his political enemies. Congress passed a statute to prevent that.

Others prohibited using chemicals to control the weather, allowed NIL for high schoolers, and made illegal gambling a felony.

The status means that the charitable contributions Harvard receives and its investment income on its $50 billion-plus ...

Mumbai, on April 17, 2025, held that long-term capital gains (LTCG) tax exemption under Section 54 cannot be denied by the ...

GOP tax reform bill proposes expanded deductions, CTC, and tip exemptions, some benefits could reach low-income families, but ...

The university, like many colleges and charities, is exempt from federal income and property taxes, saving it billions of ...

Former Interior Secretary and senatorial candidate Atty. Benhur Abalos Jr. on Labor Day called for a higher income tax exemption to help Filipino workers cope with rising prices and boost their ...

on its students. “Remember, Tax Exempt Status is totally contingent on acting in the PUBLIC INTEREST!” he said. Most universities are exempt from federal income tax under the tax code because ...

For nearly 90 years, credit unions across the country have enjoyed tax exempt status as non-profit organizations.

Here’s what to know. A tax-exempt status allows organizations to be free from paying federal income tax if they operate for purposes that are defined by the IRS. Organizations that are given the ...

which is poised to become the first U.S. state to exempt capital gains from its income tax. Legislation that won final approval Wednesday would halt the capital gains tax this year for individuals ...