When are you exempt from filing income taxes?

Answer According to the Internal Revenue Service, you may be exempt from filing income taxes if your income on the return is below the filing requirement. However, some financial transactions--like sellin... Read More »

Top Q&A For: When are you exempt from filing income taxes

Is retirement income exempt from state income taxes?

Every state handles taxation of retirement income differently. Seven states do not tax personal income at all, two only tax income from interest and dividends, and 36 states offer some type of excl... Read More »

Is the military exempt from paying income taxes in Arizona?

If you are a resident of Arizona then you will pay state income taxes on any income that is subject to federal income tax. If you serve in Arizona but are a resident of a different state then you w... Read More »

Are American Indians exempt from federal income taxes?

American Indians are not exempt from federal income taxes, but are exempt from state taxes if they live and work on a reservation or trust lands. American Indian tribes also can collect taxes from ... Read More »

Are senators exempt from paying taxes on retirement income?

United States Senators are not exempt from paying Social Security payroll taxes or other retirement income taxes. Most members of Congress participate in one of two federal retirement plans, and th... Read More »