Most income you earn throughout the year is taxable, however, some is not. Income that is not typically taxable, includes:
- Child support payments
- Gifts or inheritances received
- Welfare benefits
- Damage awards for physical injury or sickness
- Cash rebates from a dealer of manufacturer for an item you purchased
- Qualified reimbursed adoption expenses
Be sure to include all taxable income on your tax return, including the fair market value of any items you may have bartered throughout the year.