You can receive income in the form of money, property, or services. This publication discusses many kinds of income and explains whether they are taxable or nontaxable. It includes discussions on:
- employee wages and fringe benefits,
- income from bartering, partnerships, S corporations, and royalties
- disability pensions,
- life insurance proceeds, and
- welfare and other public assistance benefits.
Current revision
Recent developments
IRS issues guidance on state tax payments to help taxpayers
Corrections to the 2022 Publication 525 -- 14-FEB-2023
Modified treatment of student loan forgiveness for discharges in 2021 through 2025 -- 08-SEP-2022