Examples of Taxable Income --

Alimony received

Bonuses and stipends

Capital gains

Commissions, fees, and other earned income

Compensation paid in goods, services, or property

Director fees

Distributions from retirement plans and tax-deferred annuity plans, including Sec.401(k), Sec.403(b), and Sec.457

Employer contributions to costs of certain fringe benefits

Employer-paid premiums for group-term life insurance over $50,000

Employer supplemental unemployment benefits

Farm net income

Gains on the sale of business-use property

Gambling and lottery winnings

Income from jury duty

Income from partnerships, estates, and trusts

Income from wage continuation plans, including retirement incentive plans, severance pay, and short-term disability

Interest and dividend income

Net profits from businesses and professions

Net rental income

Prizes

Reimbursements in excess of deductible expenses

Sick pay(including third-party sick pay)

Social Security benefits

State and local tax refunds

Stock options

Strike pay

Unemployment compensation

Union steward fees

Vacation pay

Wages, salaries, tips, and other compensation

Examples of Income That is Not Taxable --

Child support payments received

Combat zone pay

Damages for personal physical injuries

Disability payments

Federal income tax refund

Foreign earned income

Foster care payments

Gain on sale of your principal residence up to $250,000($500,000 if filling jointly) if you meet the requirements

Gifts

Health and accident benefits

Inheritances

IRA rollovers

Lift insurance proceeds

Municipal bond interest

Roth IRA distributions

Scholarships and fellowships

Social Security benefits

Veteran’s benefits

Welfare benefits

Workers’ compensation