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Article: Some income not subject to taxes.

Article from:
Knight Ridder/Tribune News Service
Article date:
March 29, 2004
Copyright

Most of the income you receive is taxable. But according to the Internal Revenue Service, some types of income are only partially taxed or not taxed at all:

_ Qualifying adoption expenses.

_ Child-support payments.

_ Gifts, bequests and inheritances.

_ Workers' compensation benefits.

_ Meals and lodging for the convenience of your employer.

_ Compensatory damages awarded for injury or sickness.

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