Tax-exempt interest is interest income that is not taxed at the federal, state and/or local level.

2025 tax brackets include new income thresholds. Your effective tax rate is based on the marginal rates that apply to you. Deductions lower your taxable income, while credits decrease your tax ...

While more seniors will get a tax break, the message itself is confusing and could mislead Social Security recipients, some ...

Should the bill become law, that would mean the end of federal income tax on tips — with some caveats. How would the 'no tax on tips' policy work?

Donald Trump campaigned on ending federal income tax on tips. Here's where that proposal stands in Congress.

The bill to exempt tips from federal income tax, an idea that President Donald Trump campaigned on, will now go to the House of Representatives for a vote.

Iowa lawmakers considered, but did not pass, similar changes for state income taxes during the legislative session earlier this year.

The broad tax package passed by House Republicans last week includes a bill that would eliminate federal income taxes on tips, advancing a key campaign promise from President Trump with unexpected ...

President Trump during his campaign proposed exempting Social Security from federal income tax. Several lawmakers in Congress have recently introduced legislation that aims to accomplish the same ...

On the campaign trail, President Donald Trump sought to win over working-class voters in key swing states with a promise to exempt tips and overtime pay from federal income taxes.

If not extended, the nonpartisan Tax Policy Center found that people earning between $66,800 and $119,200 would pay an additional $1,380 in federal income tax in 2026 if the GOP measure dies.

Senate passed a surprise ‘no tax on tips’ bill. If enacted, here’s how could qualify for the deduction.