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Incidental income refers to earnings that are not part of an individual's primary income stream, typically arising from secondary activities or unexpected sources. This can include things like interest from savings accounts, rental income from a property, or earnings from hobby-related sales. While it may not be the main source of income, it can contribute to overall financial stability and may have tax implications depending on the amount and source. Proper reporting of incidental income is important for compliance with tax regulations.

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4d ago

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