Taxable Income Archives

Knott Learning

Are Credit Card Rewards Taxable Income?

Credit card rewards are generally exempt from federal income taxes; however, there are cases where they might be included in your income.

Jason Knott2024-09-19T15:41:19+00:00Tags: Credit Card Rewards, Credit Cards, Taxable Income|

What’s the Difference Between AGI and Taxable Income?

A taxpayer's adjusted gross income (AGI) and taxable income are two different calculations. This article and video tutorial discuss those different calculations and why they are important.

Jason Knott2024-07-10T18:52:45+00:00Tags: Adjusted Gross Income, AGI, Form 1040, Individual income taxes, Taxable Income|

Company

Legal

Social Media Links

This website includes information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended, and should not be taken as tax, financial, investment, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of this website does not create an attorney-client or confidential relationship. This website does not include information about every financial product or service. Please reference the Terms of Service for specific information. Your use of this website constitutes acceptance of the Terms of Service and Privacy Policy.