IRC Section 1241 specifies that payments received by the lessee for the cancellation of a lease are to be treated as a payment in exchange for the sale of the lease.
Assuming you were using the property (as opposed to holding it in inventory, for example you were a real estate broker), the lease would be a capital asset. So the payment would be a capital gain (long or short term depending on how long you held the lease).
Do you mean the stimulus payment? If so, then yes.
Yes. No. The IRS, in Notice No. CP 1378, "Understanding Your Economic Stimulus Payment", mailed to recipients of the tax rebates, states "You will not be required to report the amount of your stimulus payment as taxable income on your 2008 federal income tax return." See also: http://www.factcheck.org/askfactcheck/is_the_economic_stimulus_payment_taxable.html
Workers comp payments (whether a settlement or not) are generally not taxable. However, if the payment causes your Social Security benefits to be reduced, the part of the benefit that reduces your SS payment will be treated as if it were an SS payment.
Taxable income is the total amount of your income that is taxable. Certain types of income are exempt from taxes, but most income is taxable. To find out more information about taxable income, go to http://en.wikipedia.org/wiki/Taxable_income
ALL income is taxable.
Yes, military pensions are considered taxable income in the United States. Just be sure what you are receiving is actually a pension payment and not a compensation payment, which is not taxable.
Basically, to the degree that you paid for the premium of the policy, that income is not taxable. If it was all paid for by your employer, as virtually all public programs are, then the payment is taxable.
Its cheaper...it educes income that would be taxable.
It is possible that you could have some taxable income from a disability payment amount.
No it is not taxable
Do you mean the stimulus payment? If so, then yes.
Yes. No. The IRS, in Notice No. CP 1378, "Understanding Your Economic Stimulus Payment", mailed to recipients of the tax rebates, states "You will not be required to report the amount of your stimulus payment as taxable income on your 2008 federal income tax return." See also: http://www.factcheck.org/askfactcheck/is_the_economic_stimulus_payment_taxable.html
Workers comp payments (whether a settlement or not) are generally not taxable. However, if the payment causes your Social Security benefits to be reduced, the part of the benefit that reduces your SS payment will be treated as if it were an SS payment.
Taxable income is the total amount of your income that is taxable. Certain types of income are exempt from taxes, but most income is taxable. To find out more information about taxable income, go to http://en.wikipedia.org/wiki/Taxable_income
The taxable portion of each annuity payment is typically determined using the "exclusion ratio." This ratio is calculated by dividing the investment in the annuity (the amount paid in) by the expected total return (the total amount expected to be received from the annuity). The result is the percentage of each payment that is considered a return of the investment and is thus not taxable. The remainder of the payment is taxable as ordinary income.
ALL income is taxable.
VA compensation payments for service connected disability is NOT reported as taxable income on your income tax return.