What does it mean to be tax-exempt? Tax-exempt means not being required to pay taxes on certain types of income. Find out what type of income is included.

Explore how nonprofit organizations gain federal tax-exempt status under IRS 501(c) and discover the conditions they must ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

"Tax-exempt status" means that an organization does not have to pay state or federal income taxes. Once an organization earns tax-exempt status, it typically has annual filing requirements with the ...

Workers often assume that their workplace privileges stem from legal requirements that govern how employers regulate their hours and pay. However, work breaks don't stem from the same U.S. laws that ...

The Internal Revenue Service (IRS) has denied a marijuana-focused tourism organization’s request for nonprofit tax-exempt status, citing the ongoing federal criminalization of cannabis and saying that ...

The university, like many colleges and charities, is exempt from federal income and property taxes, saving it billions of dollars. President Trump has questioned whether it should enjoy that status.

Local tax incentives lessen the overall cost of installing solar panels. Here are the states that provide property tax and sales tax exemptions for solar panels. Solar panels can save you money on ...