Excise taxes apply to specific goods and services. Businesses that make or sell chosen goods and services collect most of these taxes. As a consumer, you generally won’t get a bill for excise tax. But ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has ...

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.

IRS spokesperson Stacy Engle said most excise tax paid by consumers goes toward funding projects the tax is for, such as highway or airport improvements. What is excise tax and where does it go?

[Stay on top of transportation news: Get TTNews in your inbox.] The repeal of a tax on the purchase of new trucks was discussed during a recent hearing in the U.S. House of Representatives. Rep. Chris ...

An excise tax is a tax levied by the government on a specific good or service; it is paid by the manufacturer or the supplier, rather than the consumer. However, an excise tax, which any level of ...

INDIANAPOLIS — Governor Mike Braun is extending his gas tax holiday as Hoosiers continue to feel the pinch at the pump. On ...

The Internal Revenue Service requires individuals and organizations to pay excise taxes on certain gasoline and environmentally related purchases. While some exemptions apply, the nonprofit ...