Rituximab (Rituxan and MabThera) is a drug used to treat rheumatoid arthritis that has not improved with other types of medications, as well as certain forms of vasculitis. It works by turning off a part of the immune system that is not working properly in autoimmune diseases.
For the purpose of this sales tax exemption, âdirectlyâ means having an immediate effect on an item or in an activity, without an intervening, ancillary or prior effect.
Home sellers of all ages get capital gains exemptions. Historically, the federal government has promoted home ownership through various tax deductions. A past deduction for homeowners age 55 and over even allowed them to exempt up to $125,000 of gains from the sale of their homes. But the Taxpayer Relief Act of 1997 replaced the age exemption with a an exemption for all home sellers. The change let home sellers exclude up to $500,000 of gains.