- income exclusion rule
- The IRS rule that excludes certain types of income from taxation, e.g., welfare payments. Bloomberg Financial Dictionary
Financial and business terms. 2012.
income exclusion rule
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Income Exclusion Rule — A rule that sets aside certain types of income as nontaxable. There are many types of income that qualify under this rule, such as life insurance death benefit proceeds, child support, welfare and municipal bond income. Income that is excluded is … Investment dictionary
exclusion — ex·clu·sion /ik sklü zhən/ n 1: the act of excluding or state of being excluded; specif: refusal of entry into the U.S. by immigration officials review of deportation and exclusion orders compare deportation 2: something that excludes or is… … Law dictionary
Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… … Wikipedia
exclusion — Denial of entry or admittance. In taxation, item of income that is excluded from gross income (i.e., not taxed) because of particular I.R.C. provision; e.g., gifts and inheritance (I.R.C. No. 102); qualified sajplarships (I.R.C. No. 117) Compare… … Black's law dictionary
exclusion — Denial of entry or admittance. In taxation, item of income that is excluded from gross income (i.e., not taxed) because of particular I.R.C. provision; e.g., gifts and inheritance (I.R.C. No. 102); qualified sajplarships (I.R.C. No. 117) Compare… … Black's law dictionary
Cancellation of Debt (COD) Income — Part of a series on Taxation Taxation in the United States … Wikipedia
Dividend Exclusion — A rule that allows corporations to subtract dividends received from income for tax purposes. Dividend exclusion is permitted for domestic corporations in the United States and allows for the exclusion of a percentage of dividend income received… … Investment dictionary
Low-Income Housing Tax Credit — The Low Income Housing Tax Credit (LIHTC; often pronounced lye tech ) is a tax credit created under the Tax Reform Act of 1986 (TRA86) that gives incentives for the utilization of private equity in the development of affordable housing aimed at… … Wikipedia
annual exclusion — A tax rule allowing the deduction of certain income from taxation. Bloomberg Financial Dictionary … Financial and business terms
Tax Increase Prevention and Reconciliation Act of 2005 — The Tax Increase Prevention and Reconciliation Act of 2005 (or TIPRA, USPL|109|222, USStat|120|345) was enacted on May 17, 2006. This bill prevents several tax provisions from sunseting in the near future. The two most notable pieces of the bill… … Wikipedia
