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Gross income consists of wages and salaries, unemployment compensation, tips and gratuities, interest, dividends, annuities, rents and royalties, up to 85% of Social Security benefits if the recipient’s income exceeds a base amount, and certain other types of income. Among the items excluded from gross income, and thus not subject to tax, are public assistance benefits and interest on exempt securities (mostly state and local bonds).
Federal Individual Income Tax
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State of the Union Address: Harry S. Truman (January 21, 1946)
- State of the Union Address: Harry S. Truman (January 21, 1946)
TrendingHere are the facts and trivia that people are buzzing about.
Did Birds Evolve from Dinosaurs?
The Twelve Dancing Princesses
Current Events This Week: January 2023
African Americans by the Numbers
Andersen’s Fairy Tales: Contents
The Celtic Twilight: A Teller of Tales
TrendingHere are the facts and trivia that people are buzzing about.
Did Birds Evolve from Dinosaurs?
The Twelve Dancing Princesses
Current Events This Week: January 2023
African Americans by the Numbers
Andersen’s Fairy Tales: Contents
The Celtic Twilight: A Teller of Tales
- Did Birds Evolve from Dinosaurs?
- The Twelve Dancing Princesses
- Current Events This Week: January 2023
- African Americans by the Numbers
- Andersen’s Fairy Tales: Contents
- The Celtic Twilight: A Teller of Tales