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 ...

Without regulatory exceptions, some nonprofits could be forced to restructure their workforce or even close, the AICPA warned ...

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 ...

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 ...

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?