Tag Archives: taxable
It can be a great feeling to get a scholarship or grant to help fund your education. A scholarship is typically an amount paid to a student for a specific institution for study. A fellowship grant is similar, except that the money paid can be used for the purpose of study or research. There are […]
— Read moreAny interest paid to you or credited to an account is considered taxable income when you can withdraw the amount without facing any penalties. It becomes taxable the year in which it is available to you. Sometimes, interest you receive may be considered tax-exempt. You’ll receive a Form 1099-INT or Form 1099-OID if you have […]
— Read moreThose who receive Social Security income may be required to pay taxes on part of their benefits, though there are some who discover their benefits aren’t subject to federal tax. If you receive Social Security, how can you tell if your benefits are taxable? The following facts can shed a little light on how your […]
— Read moreIf you’re trying to determine the difference between taxable and non-taxable income, you should remember one basic fact: All income not specifically excluded by law is taxable. Basically, any money you receive in the form of work wages or tips is taxable. Additionally any income that you gain from property or services, whether cash or […]
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