TaxGuided
United States IRC sections

Statute section

IRC section 61

Gross income defined

Country

United States

Section

61

Updated

2026-05-01

Operative text

Except as otherwise provided, gross income means all income from whatever source derived, including compensation for services, business income, gains from dealings in property, interest, rents, royalties, dividends, annuities, pensions, and distributive shares of partnership gross income.

Cross-references

26 U.S.C. 162

Primary sources

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.