All glossary terms
Glossary term
Gross Income
All income from whatever source derived unless a specific rule excludes it.
Related terms
1
Jurisdictions
us
Definition
Gross income is one of the foundational federal income-tax concepts. It is the starting point for determining what enters the tax base before exclusions, deductions, credits, and other modifications are applied.
Examples
- Compensation, business income, interest, rents, and royalties are listed examples of gross income in section 61.
- Many tax disputes begin by asking whether an item is gross income before asking whether another rule excludes it.
Related terms
Translations
ESingreso bruto
ZH总收入
Citations
26 U.S.C. · 61
Related citations
Computed from the cross-reference graph. Links open the related entity on this site.
This entry cites
- TermEffectively Connected Income (ECI)
- StatuteIRC §61
Cited by
Primary sources
- 26 U.S.C. section 61Verified 2026-05-01
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.