Income exclusion rule

IRS rule which excludes certain items from Taxable income, such as child Support, welfare payments, life insurance Benefit, and income on Tax-exempt investments.

Related Terms: 12 Benefit, CLU, Exempt, Insurance, Inc., ITS, Life insurance, PPO, Support, Tax, Taxable income, Tax-exempt

Other Related Pages: Category: Taxes Starting With: I

Additional Related Terms: 30-day wash rule, After-tax basis, All or any part, Accumulated earnings tax, Accelerated benefits, Accidental death benefit, Adjustable life insurance, Add-on service, As is, Attorney in fact