Article: 20 Ideas for Personal Income Categories
20 Ideas for Personal Income Categories
- Salary and Wages
- Freelance or Contract Work Income
- Rental Property Income
- Dividends from Investments
- Interest Income (e.g., savings accounts, bonds)
- Capital Gains (e.g., stock or property sales)
- Pension Income
- Social Security Benefits
- Unemployment Benefits
- Alimony Payments
- Child Support Payments
- Royalties (e.g., intellectual property, books)
- Passive Business Income (e.g., partnerships, LLCs)
- Online Sales Income (e.g., e-commerce, printables)
- Side Hustle Income (e.g., gig economy earnings)
- Annuity Payments
- Insurance Settlements (non-taxable)
- Tax Refunds
- Scholarships or Grants (for personal use)
- Lottery Winnings or Contest Prizes