Taxable Income

The following lists are for reference purposes only. They are not all-inclusive, and may be subject to revision without notice.

Taxable Income:

• Wages
• Salaries
• Bonuses
• Commissions and fees
• Sick and/or vacation pay
• Qualified pension plans
• Employer supplemental unemployment benefits
• Lottery and gambling winnings
• Director Fees
• Employee contributions to retirement plans
• Incentive payments
• Cost of group term life insurance over $50,000.00
• Severance pay.
• Compensation in the form of property
• Ohio located S-Corp
• Distributive shares of a Partnership or LLC

Non-Taxable Income:

• Interest Income
• Dividend income
• Welfare benefits
• Social Security benefits
• State unemployment
• Worker’s compensation
• Insurance proceeds
• Cafeteria plans
• Alimony
• Active Duty Military pay
• Capital Gains
• Annuity distributions
• IRA distributions
• Government allotments
• Clergy housing allowance
• Precinct election official (up to $1,000.00)
• Intangible income
• Child support
• Retirement income