Browse Investopedia's expert-written library to learn more about how U.S. law categorizes different types of income.

Parents with son discussing finances with advisor
Income Tax vs. Capital Gains Tax: What’s the Diff🌄erence?
An adult couple sit together on a sofa using a laptop to review the interest and dividends earned on their retirement accounts.
What Is Unearned Income and How Is It Taxed?
Adjusted gross income AGI.
Net Income vs. Adjusted Gross Income (AGI): What's the Difference?
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Federal Withholding Tax vs. State Withholding Tax: What's the Difference?
Tax forms, glasses, calculator, pen
What Is Adjusted Gross Income (AGI)?
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Annualized Income: Definition, ꦐFormula♔, and Example
Modified Adjusted Gross Income (MAGI)
Modified 🦂Adjusted Gross Income (MAGI): Calculating and Using It
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Capital Cost Allow๊ance (CCA): Definition and How Deducti📖on Works
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Land Value Tax: What It Is and How It Works
🔥Pretax Eꦜarnings: Definition, Use, How To Calculate, and Example
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After-Tax Income: Overview and Calculations
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🅘Adjusted Net Income Definition and How It Is Determined
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Qualified Adoption Ex🐓penses (QAE): What It Is and How It Works
A worker using a calculator
Annualiz⛎ed Income Instaไllment Method: Definition and Example
Future Income Taxes: What They are, How They Work
7 Mistakes to Avoid When Hiring a Tax Person
Underst♋anding Earned Income and the Earned Income Tax Credꩲit
Amount Recognized
Amount Recognized: What It Mean🍒s, How Iꦕt Works, Example
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Levy: What It Is and How It's Used
$100 bill and Medicare card
Medicare Wages: Definition, How They're Taxed, Limits, and Rates
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Active Income:🃏 Overvi༺ew, Examples, vs. Passive Income
Gift Tax: A federal tax applied to gifts of money or property over a certain sum.
Gift Tax: What It Is and How It Works
Federal Tax Regulations
Provisi⛦onal Taxes: What They Are and How They Work
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What Is EITC Disqualifying Income?
Main Home: What It Is, How It Works, Transfer
Income Basket
Income Basket: What It Means, How It Works
Silent Automatic Lien
Silent Automatic Lien
Senior couple couple walking in front of their home
AGI vs. MAGI: What's the Difference?