Unearned income, also known as passive income, is derived from sources other than employment or business operations and can act as a financial safety net during times of job loss or financial crisis.

Your taxable income is your federal tax liability based on both earned and unearned income received during the tax year. An individual’s taxable income is the amount of money they’ve received over the ...

Small businesses, especially in the service sector, may collect revenue in advance of delivering their offerings. For example, a tanning salon might sell a package of 12 sessions for an upfront ...

If A, from the example in the article, had the same amount and type of taxable income in 2017 under the old kiddie tax rules and her parents had taxable income of $250,000 and they did not owe ...

Unearned revenue is the same thing as deferred revenue. In accounting, unearned revenue is a liability. It is a liability because even though a company has received payment from the customer, the ...

For example, two siblings each have unearned ordinary income of $15,000. Assume their parents are in the highest marginal tax bracket. Before new rules introduced through the tax law, each child's ...

Most dividend investors seek solid passive income streams from quality dividend stocks. Passive income is a steady stream of unearned income that doesn't require active traditional work. Shared ideas ...