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 Publication 525 (PDF PDF | HTML | eBook EPUB) Recent Developments 2020 Publication 525 (revised April 6, 2021) reflects new 2020 exclusion of unemployment compensation and updates to Worksheet 2 for SALT limitation --20-APR-2021 Pub. 525 - Retroactive extension from 2018 through 2020 of exclusion of debt discharged from principal residence indebtedness -- 21-FEB-2020 Other Items You May Find Useful All Publication 525 Revisions Sharing Economy Tax Center About Publication 334, Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ) About Publication 523, Selling Your Home About Publication 527, Residential Rental Property (Including Rental of Vacation Homes) Additional Publications You May Find Useful Other Current Products Related Forms About Form 843, Claim for Refund and Request for Abatement About Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) About Form 1040, U.S. Individual Income Tax Return About Form 2441, Child and Dependent Care Expenses About Form 8839, Qualified Adoption Expenses About Form 8853, Archer MSAs and Long-Term Care Insurance Contracts About Form 8919, Uncollected Social Security and Medicare Tax on Wages About Form 8959, Additional Medicare Tax About Form 8960, Net Investment Income Tax Individuals, Estates, and Trusts
