What are the different kinds of income for tax purposes?

Taxable income includes all types of compensation, whether they are in the form of cash or services, as well as property. Taxable vs. Non-Taxable Income

  • Salary.
  • Wages.
  • Interest received from banks.
  • Stock options.
  • Dividends.
  • Unemployment compensation.
  • Notes received.
  • Rents from personal property.

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