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Income Tax Planning
Chapter 3: Fundamentals of Income Tax/PARTIAL LIST OF EXCLUSIONS
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 3: Fundamentals of Income Tax

PARTIAL LIST OF EXCLUSIONS

01.Core Concepts

Partial List • Cash or property received by a gift • Interest income from municipal bonds • Deferral contributions to certain retirement plans • Child support payments received • Gain on the sale of a principal residence (subject to limitations) • Cash or property received by inheritance • Scholarship or fellowship • Specified employee fringe benefits • Life insurance proceeds received because of the death of the insured • Qualifying distributions from a Roth IRA during retirement • Alimony from post-2018 divorce (TCJA) .