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 ...

Certain forms of income, however, may be tax-exempt, subject to certain limits and qualifications. Examples of nontaxable sources of income include veterans' benefits and life insurance payouts.

That being said, there are some types of income that even the IRS can’t touch. Read on to find out more about what’s in the nontaxable income category and when it may apply to you. Inheritance ...

Note: This is not an all-inclusive list of potential non-taxable income sources. We’re always emphasizing that up to 85% of ...

But if you structure your income properly, using non-taxable sources like a Roth IRA, you could reduce your taxable income from the 60s to below 30. This could cut your health insurance premiums ...

Understanding how the IRS calculates your combined income is crucial for determining the taxable portion of your Social ...

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 ...

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

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.

Categorize up to $20,000 of tips as non-taxable income. Under this second approach, some workers might see their gross income drop enough that they would no longer qualify for the EITC ...