Tax Advice

Knowledge Base

Frequently Asked Questions

Unearned Income

Unearned income is income that you did not work to earn. Unearned income is often important in figuring out if a dependent needs to file a tax return.

Unearned income includes, but is not limited to
  • interest, dividends, and capital gains
  • unemployment compensation
  • taxable social security benefits
  • retirement income (IRA distributions, pensions, annuities)
  • trust distributions
  • income from rental property
  • alimony
  • child support
  • gambling winnings
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