Not-for-profit organizations are commonly exempt from federal,state,and local taxes.

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Not-for-profit organizations, also known as non-profit organizations, are typically exempt from federal, state, and local taxes due to their charitable and community-focused nature. However, certain activities or earnings may still be subject to taxation, and the exact exemptions and requirements vary by country and jurisdiction.

Not-For-Profit Organizations Are Commonly Exempt from Federal,state,and Local Taxes