Taxable/Non-taxable Items

What is included in individual taxable income?

Taxable

  • Auto & Travel Allowance
  • Auto-Personal Use of Company Car
  • Bonuses
  • Commissions
  • Professional Fees
  • Fellowship & Stipend to Teach, Study or Research Work
  • Foreign Workers under Federal Tax Treaty
  • Group Term Life in Excess of $50,000.00
  • Military-Active Duty & Reserve
  • Profit Sharing on W-2
  • Retirement Incentives
  • Salaries
  • Salary Paid during Sickness & Disability
  • Severance Pay
  • Tax Gross Up
  • Tips
  • Vacation & sick Time
  • Wages

Non-Taxable

  • Alimony or Child Support Received
  • Auto & Travel Reimbursements
  • Cafeteria Plans (IRC Sec. 125-129 Plans)
  • Prepaid Medical Premiums
  • Purchase of Additional Medical or Dental
  • Education Benefit
  • Health Savings Account
  • Employer Paid Adoption Expense
  • Combat Pay
  • Death Benefits
  • Deferred Compensation (IRC Sec. 401, 403, 414, 457, 501, etc)
  • Dividends and Interest
  • Gambling & Lottery Winnings
  • Gifts & Bequest
  • Grants for Maintenance
  • Housing Allowance for Ministers
  • Moving Expense Reimbursement
  • Non-Compete Agreement
  • Pension & Social Security
  • Proceeds from Insurance Policies
  • Qualified Profit Sharing Distributions
  • Scholarships
  • Disability Insurance Benefits
  • Stock Options (12/19/00 & thereafter)
  •       Stock Appreciation Rights (SAR)
  •       Stock Options Granted
  •       Non-Statutory (box 12V)
  •       Statutory
  •       Interest and Gains
  •       ISO
  • Supplemental Unemployment Benefits SUB pay
  • Third Party Sick Pay from Insurance Companies
  • Tuition Reimbursements
  • Unemployment Compensation
  • Workmen’s Compensation

What is included in income reported on W-2 for E-1 and W-10?

Taxable

  • Auto and Travel Allowance
  • Auto-Personal use of Company Car
  • Bonuses
  • Commissions
  • Professional Fees
  • Fellowship and Stipend to Teach, Study or Research
  • Foreign Workers Under Federal tax Treaty
  • Group Term Life In Excess of $50,000
  • Military-Active Duty and Reserve
  • Profit Sharing on W-2
  • Retirement Incentives
  • Salaries
  • Salary Paid During Sickness and Disability
  • Severance Pay
  • Tax Gross Up
  • Tips
  • Vacation and Sick time Paid in Lump Sum
  • Wages

Non-Taxable

  • Auto and travel Reimbursements
  • Cafeteria Plans (IRC Sec. 125-129 Plans)
  • Prepaid Medical Premiums
  • Purchase of Additional Medical or Dental
  • Purchase of Additional Medical or Dental
  • Education Benefit
  • Health Saving Account
  • Employer Paid Adoption Expense
  • Combat Pay
  • Death Benefits
  • Deferred Compensation (IRC Sec. 401, 403, 414, 457, 501, etc)
  • Disability insurance Benefits
  • Housing Allowance for Ministers
  • Moving Expense Reimbursement
  • Non-Compete Agreement
  • Stock Options (12/19/00 & thereafter)
  •       Stock Appreciation Rights (SAR)
  •       Stock Options Granted
  •       Non-Statutory (box 12V)
  •       Statutory
  •       Interest and Gains
  •       ISO
  • Supplemental Unemployment Benefits SUB pay
  • Third Party Sick Pay from Insurance Companies
  • Tuition Reimbursements
  • Unemployment Compensation
  • Workmen’s Compensation
  • SCorp

What is included in Payroll Expense Tax?

Taxable

  • Auto & Travel Allowance
  • Auto-Personal Use of Company Car
  • Bonuses
  • Cafeteria Plans (IRC Sec. 125-129 Plans)
  • Prepaid Medical Premiums
  • Purchase of additional medical or dental insurance
  • Education Benefit
  • Health Savings Account
  • Employer Paid Adoption Expense
  • Commissions
  • Deferred Compensation (IRC Sec. 401, 403, 414, 457, 501 etc.)
  • Professional Fees
  • Foreign Workers with Federal Tax Treaty
  • Group Term Life in Excess of $50,000.00
  • Profit Sharing reported on W-2
  • Retirement Incentives
  • Salaries
  • Salary Paid during Sickness & Disability
  • Severance Pay
  • Stock Options
  •       Stock Appreciation Rights (SAR)
  •       Stock Options Granted
  •       Non-Statutory (box 12V)
  •       Statutory
  •       Interest and Gains
  •       ISO
  • Tax Gross Up
  • Vacation & Sick Time Paid in a Lump Sum
  • Wages
  • SCorp

Non-Taxable

  • Auto & Travel Reimbursements
  • Moving Expense Reimbursement
  • Disability Insurance Benefits
  • Supplemental Unemployment Benefits (SUB Pay)
  • Third Party Sick Pay from Insurance Companies
  • Tips
  • Tuition Reimbursements
  • Workmen’s Compensation