Taxable income

Taxable income is the amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year. It is generally described as gross income or adjusted gross income (which is minus any deductions or exemptions allowed in that tax year). Taxable income includes wages, salaries, bonuses and tips, as well as investment income and unearned income—Read more at Investopedia. Kagan, Julia. “Tax-Loss Harvesting Definition.” 31 July 2019