Priortax 9.0 10 1669 877-289-7580 File your current 2018 and prior year federal and state returns going back through 2005 Priortax Logo $ 10 Terrace Ave 11001 Floral Park, New York,

What Is 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