Facebook: Swick-Associates-PC
LinkedIn: eric-swick-cpa
YouTube: swickco
Close
Back

Client Portal Login

- Individual Clients
- Business Clients
- Client Employee


Forgot Your Password? Please try logging in with the last password you remember first. (If that fails, you'll be able to reset your password on the next page.)

QuickBooks Online

Accounts Payable Documents Login


Close
Send Request

Taxable or Non-Taxable Income?

February 17, 2012

This is always a key question during tax season. While most income received is taxable and must be reported on your federal income tax return, there are some instances when income may not be taxable. To help you out, the IRS has provided the following list of items that are NOT included as taxable income:Adoption expense reimbursements for qualifying expensesChild support paymentsGifts, bequests, and inheritancesWorkers' compensation benefits (some exceptions may apply; see Publication 525, Taxable and Nontaxable Income)Meals and lodging for the convenience of your employerCompensatory damages awarded for physical injury or physical sicknessWelfare benefitsCash rebates from a dealer or manufacturerFor the complete article on taxable versus non-taxable income, download and review the IRS’ detailed guide—IRS Publication 525.

Read more https://www.swickco.com/blogs/6

Back to List


Client Center

- Individual Clients
- Business Clients
- Client Employee

QuickBooks Desktop

 




- Forgot Password?
 

Using Your Client Organizer
How to Review My 1040
Using File Exchange

Contact Form











Submit

Memberships

AICPA

Latest from Our Blog