Income item which is excluded from a taxpayer's gross income by the INTERNAL REVENUE CODE or an administrative action. Common' Exclusions' include gifts, inheritances, and death proceeds paid under a life insurance contract. Also known as excluded income.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). exclusions. Retrieved September 20, 2026, from http://smartdefine.org/exclusions/definitions/1153375 |
| Chicago | Barry Goldsmith. 2010. "exclusions" http://smartdefine.org/exclusions/definitions/1153375 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, exclusions, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/exclusions/definitions/1153375>. |
| MLA | Barry Goldsmith. "exclusions" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/exclusions/definitions/1153375> |