Good news \u2013 there are a lot of revenue sources that aren’t taxed. You may have an idea of what they are, but here’s a quick list to review.<\/p>\n
There are several sources of revenue that are not subject to income tax. Do you know what they are? Here are the most common sources of money that are generally not taxed on your federal income tax return:<\/p>\n
\u2022 Borrowed money, such as from banks or personal loans<\/p>\n
\u2022 Money received as a gift or inheritance from family or friends<\/p>\n
\u2022 Money paid on your behalf directly to a school or medical facility\u2022 Most life insurance proceeds\u2022 Child support payments<\/p>\n
\u2022 Money you receive for sustaining an injury<\/p>\n
\u2022 Scholarships for tuition and books<\/p>\n
\u2022 Disability insurance benefits from a policy purchased with after-tax dollars\u2022 Interest received on municipal bonds<\/p>\n
If you would like assistance in determining what to include on your income tax return, please contact us. We are here to help you.<\/p>\n","protected":false},"excerpt":{"rendered":"
Good news \u2013 there are a lot of revenue sources that aren’t taxed. You may have an idea of what they are, but here’s a quick list to review. There are several sources of revenue that are not subject to income tax. Do you know what they are? Here are the most common sources of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n