non-taxable income
IRS-ignored money received
Non-taxable income is money received that isn't subject to income tax.
Common examples include gifts, inheritances, life insurance payouts, child support, and certain government benefits.
The distinction matters for tax planning: Her non-taxable income from municipal bonds didn't appear on her return.
What qualifies varies by jurisdiction and changes with tax law.
- unemployment compensationPayments to displaced workers
- scholarshipsFunds awarded for study
- disability benefitsPayments for those unable to work
- veterans' benefitsAid for ex-military personnel
- Pell GrantsFederal need-based college funding
food stamps · heirlooms · tuition waivers · life insurance proceeds · inherited property · housing assistance · foster care payments · child support · gifts · workers' compensation · combat pay
non-taxable incometaxable income
Earnings subject to taxation
ordinary income · earned income · taxable earnings · gross wages · adjusted gross income
non-taxable incometax liability
Money owed to government
tax obligation · tax payment · tax bill · income tax · tax burden
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