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Indiana Law - Items Included in Gross Income
Gross income includes all of the following:
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Wages, salary, bonuses, severance pay.
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Gross income less necessary expenses of a business.
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Potential income if the payer is voluntarily unemployed or underemployed.
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The value of "In kind" benefits.
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Social security, unemployment insurance, disability insurance, and workmen's compensation.
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Pensions and annuities.
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Interest, dividends, capital gains, and trust income.
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Gifts and prizes.
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Alimony from other marriages.
Gross income does
not
include welfare benefits and food stamps.
Also, you may deduct support costs for prior-born children of another relationship, incremental
health insurance costs for the child, and some alimony orders of prior relationships.
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