Grants are also considered taxable income, in addition to interest earned through most investment vehicles. Fringe benefits are also considered taxable income.2 Non-taxable income includeswelfare payments, healthcare benefits, inheritances, and gifts.Child support payments, cash rebates on items purc...
Many companies and educational institutions are extending health and life insurance benefits to...By WhiteheadRoyJr
TheIRS Publication 525clearly lists all taxable and non-taxable income. It is important to know what income is not taxable when filing your return. Here are a few sources that will not add to your taxable income but may have to be reported on your return just so the IRS knows they were ...