February 17, 2012This is always a key question during tax season. While most income received is taxable and must be reported on your federal income tax return, there are some instances when income may not be taxable. To help you out, the IRS has provided the following list of items that are NOT included as taxable income:Adoption expense reimbursements for qualifying expensesChild support paymentsGifts, bequests, and inheritancesWorkers' compensation benefits (some exceptions may apply; see Publication 525, Taxable and Nontaxable Income)Meals and lodging for the convenience of your employerCompensatory damages awarded for physical injury or physical sicknessWelfare benefitsCash rebates from a dealer or manufacturerFor the complete article on taxable versus non-taxable income, download and review the IRS’ detailed guide—IRS Publication 525.
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With more of us likely staying close to home this summer, why not plan to either start a healthy and regular workout schedule or enhance your current routine? It’s never too late in the year to get your healthy on, so we’ve compiled a short list of tips to get you moving.
Summer is typically the time people start planning vacations—Disney World…cruises…the beach. This year, however, travel may not be in the cards. But that doesn’t mean you have to sacrifice down time and fun with the family. Make this the year you plan a fantastic staycation! Here are some tips to make sure you can kick back, relax and have a memorable time with a vacation at home.
The fact is that many of us are now working from home…and we’re not sure just how long this will be a necessity. With this in mind, we compiled a list of best practices to support a successful and secure work-from-home operation.