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.

Forbes contributors publish independent expert analyses and insights. Marie Sapirie writes about federal tax issues and litigation. Cambridge, Massachusetts, USA - May 22, 2023: Students in graduation ...

Federal income tax applies to most people who earn income in the U.S., but the tax code includes limited exceptions. Whether someone is exempt from federal income tax depends on factors such as income ...