Tips on Items Excluded from Income
Here is a tax tip to reacquaint taxpayers with situations where certain types of income are partially taxed or not taxed at all. Common examples of items that are not included in income, such as: —adoption expense reimbursements for qualifying expenses —child support payments —gifts, bequests and inheritances —workers’ compensation benefits —meals and lodging for the employer’s...
February 16th, 2010 by The Tax Man
