|
Social Security benefits within the meaning of
Section 86(d) of the Internal Revenue Code, which are:
Social Security retirement benefits
Social Security survivor benefits
Social Security disability benefits
(These are reported in Box 5 of Form SSA-1099) |
Supplemental Security Income (SSI) |
|
Social Security-equivalent Railroad Retirement
Board Tier I benefits
(These are reported in Box 5 of Form RRB-1099)
(Note: Railroad Retirement Board Tier I
benefits are included within the definition of Social Security
benefits under Section 86(d) of the Internal Revenue Code.) |
Non-Social Security-equivalent Railroad
Retirement Board Tier I and all Tier II benefits
(These are all of the benefits reported on
Form RRB-1099-R) |
|
Benefits received under Chapters 11, 13, or 15
of Title 38 of the United States Code, which are:
VA disability benefits
VA pension benefits
VA survivor benefits |
All other payments from the Department of
Veterans Affairs |
|
Earned income within the meaning of Section
32(c)(2), which is:
Ø
Wages, salaries, tips and other employee compensation,
but only if such amounts are includible in gross income for the
taxable year;
Ø
Net earnings from self-employment includible in income
for the taxable year, after deducting one-half of any
self-employment taxes due (IRC 32(a)(2)(A)(ii));
Ø
Excludible combat zone income (IRC Section 112)
received before January 1, 2009, which the taxpayer elects
to treat as earned income. |
Ø
Net earnings from self-employment which are not
taken into account when computing taxable income.
Ø
Pension or annuity income (IRC 32(a)(2)(B)(ii))
Ø
Income earned while an inmate at a penal institution
(IRC 32(a)(2)(B)(iv))
Ø
Interest
Ø
Dividends
Ø
Alimony
Ø
Capital Gains & F.4797 Gains
Ø
IRA, 401(k), 403(b) Distributions
Ø
F.1040 line 17 (Rents / royalties / partnerships /
S-corps / trusts) may or may not be earned income – must ask more
questions
Ø
Unemployment Compensation
Ø
“Welfare” benefits
Ø
Any other “unearned” income |
