To help sort through it, here is a list of some common types of nontaxable income. Of course, it's good to consult a trusted tax professional or financial adviser if you are uncertain about your ...

3. Agricultural income: Under section 10(1) of the Income Tax Act, income from agriculture and farming is non-taxable. The income generated from poultry and cattle rearing are also exempt from tax. 4.

Economic conditions now are strikingly different from when the nontaxable income amount was determined nine years ago.

What’s less commonly known, however, is that nine bona fide types of income are non-taxable. This could help you when it comes to your filing status. Find Out: How Paychecks Would Look in Each ...

And an important aspect of that process is understanding how different kinds of retirement income are taxed — or, in some cases, not taxed at all. So, to get you started, here's a summary of ...