Free 2018 Tax Planning2019-01-05T15:05:52+00:00

Free 2018 Tax Planning

Total Income

Total income is the sum of all money received during the tax year. All worldwide income is taxable, except specifically excluded by law.

Total income includes:

  1. Wages, salaries and tips
  2. Interest and dividends, including distributions from c corporations
  3. Taxable state refunds
  4. Business income or loss: Sole proprietor, partnership, s corporation
  5. Capital gain or loss
  6. Other gains or losses
  7. IRA distributions
  8. Pensions and annuities
  9. Rental income
  10. Farm income or loss
  11. Unemployment compensation
  12. Social security benefits
  13. Any other income you made during the tax year not specifically excluded by law

Where to find income items