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• Money, goods, services, and property a person receives that must be reported on a tax return. Includes unemployment compensation and certain scholarships. It does not include welfare benefits and nontaxable Social Security benefits.

  Internal Revenue Service - Cite This Source - This Definition
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  Cite Definition for Gross Income

  American Psychological Association (APA)

  Gross Income. (n.d.). Understanding Taxes Student Glossary. Retrieved March 21, 2023, from website: http://www.expertglossary.com/definition/gross-income.

  Chicago Manual of Style (CMS)

  Gross Income. apps.irs.gov. Understanding Taxes Student Glossary. Internal Revenue Service. http://www.expertglossary.com/definition/gross-income (accessed: March 21, 2023).

  Modern Language Association (MLA)

  "Gross Income." Understanding Taxes Student Glossary. Internal Revenue Service. 21 March. 2023 http://www.expertglossary.com/definition/gross-income.

• Browse Related Terms: ability to pay, benefits received, Earned Income Credit (EIC), financial records, Gross Income, horizontal equity, underground economy, vertical equity

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