Taxable Income « The City of Lakewood, Ohio -
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Additional Information


Taxable Income

The following lists are for reference purposes only. They are not all-inclusive, and may be subject to revision without notice.

Taxable Income:

  • Wages
  • Salaries
  • Bonuses
  • Commissions and fees
  • Sick and/or vacation pay
  • Third party sick pay
  • Qualified pension plans
  • Employer supplemental unemployment benefits
  • Lottery and gambling winnings
  • Director Fees
  • Employee contributions to retirement plans
  • Incentive payments
  • Cost of group term life insurance over $50,000.00
  • Severance pay.
  • Compensation in the form of property
  • Ohio located S-Corp
  • Distributive shares of a Partnership or LLC

Non-Taxable Income:

  • Interest Income
  • Dividend income
  • Welfare benefits
  • Social Security benefits
  • State unemployment
  • Worker’s compensation
  • Insurance proceeds
  • Cafeteria plans
  • Alimony
  • Active Duty Military pay
  • Capital Gains
  • Annuity distributions
  • IRA distributions
  • Government allotments
  • Clergy housing allowance
  • Precinct election official (up to $1,000.00)
  • Intangible income
  • Child support
  • Retirement income