Many types of income can be taxed, from fringe benefits to rental income. In this blog post, we'll discuss 4 things that are taxed, even if you don't think they are.
Understanding these sources of taxable income can help you avoid surprises come tax season and ensure that you are properly reporting your income to the IRS.
If you finalized your divorce before 2019, alimony payments made to a former spouse are considered taxable income for the recipient and tax-deductible for the payer.
While many scholarships and grants are tax-free, they can sometimes become taxable. If the funds are used for expenses other than tuition, fees, and required books or supplies, they may be taxable.