you can find your tax-exempt stated interest in box 2 of Form 1099-OID. Tax-exempt interest is a type of income that is free from taxes at a certain level: federal, state, and/or local.

To find provisional income, add gross income ... Add any tax-free interest you received, such as interest from a municipal bond, which is always tax-exempt at the federal level.

While tax season may be over for the nearly 140 million Americans who filed their returns by April 15, a proposed ...

One common type of tax-exempt income is interest earned on municipal bonds, which are issued by states and cities to raise funds for operations or specific projects. When a taxpayer makes interest ...

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

Exempt function income does not, however, include amounts which are not includable in the organization's gross income other than by reason of Section 528 of the code (e.g. tax-exempt interest ...

He added, "Remember, Tax Exempt Status is totally contingent on acting in the PUBLIC INTEREST ... are exempt from paying federal income tax. This applies to most universities, including Harvard.