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Apr 9, 2025Unearned income is money you get without actually toiling for it or providing services. Unlike earned income, which is payment for work, unearned income originates from investments or other passive sources. The IRS categorizes the following as unearned income: Because it’s not subject to payroll taxes, unearned income doesn’t qualify you for some tax benefits […]
adminApr 7, 2025Earned Income is any revenue you obtain from a job or personal services. It is the money you make while completing responsibilities or labor. The IRS defines earned income as wages, salaries, tips, and other kinds of compensation received in exchange for labor. Earned income consists of several major components, including: Earned income also includes […]
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