Income and Not Income, Taxable and Untaxed

1. Not Income (see 15 VSA § 653(5)(B) )

  1. Any means-tested public assistance program
  2. RUFA, TANF, ANFC etc.
  3. Food Stamps
  4. General Assistance
  5. Supplemental Security Income (SSI)

2. Taxable Income

  1. Wages, tips
  2. Self employment income
  3. Unemployment compensation
  4. Gift income over $15,000 per year
  5. Spousal maintenance (alimony) ordered before Jan 1, 2019 (See IRS Tax Topic 452)
  6. Social Security Disability (SSDI) (But only if annual income received was more than $25,000)
  7. Social Security Retirement benefits (but only if annual income received was more than $25,000) Details about Social Security (retirement and disability) taxable income limits are in IRS Pub. 915

3. Untaxed Income

  1. Spousal maintenance (alimony) ordered after December 31, 2018 (See IRS clarification)
  2. Worker’s Compensation. On 813A you list it. It is income, but not taxed.
  3. Social Security Retirement (usually not taxed unless annual income greater than$25,000)
  4. Social Security Disability (SSDI) (usually not taxed unless annual income greater than $25,000)
  5. Veteran’s Disability
  6. BAS/BAH Military Allowances
  7. Military Combat pay
  8. Gifts under $15,000 per year
  9. Income which is not reported to the government (such as “side jobs”)
  10. Interest Income on ROTH IRAs
  11. Tax Deferred Savings Plans
  12. Tax Exempt and Investment Income (Municipal and Government Bonds)
  13. Life Insurance Settlements
  14. Certain types of annuities

 

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