ordinary income

American  

noun

1. taxable income, as salary and wages, other than capital gains.

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Example Sentences

Withdrawals are taxed as ordinary income and are required after age 73 currently — moving, eventually, to 75.

From MarketWatch • Mar. 27, 2026

But they are more valuable as offsets to short-term gains because short-term gains are taxed at the same rates as ordinary income as high as 37%.

From Barron's • Mar. 21, 2026

Paying for your renovation from taxable investment accounts, which trigger long-term capital gains rather than ordinary income, would not push you into a higher tax bracket.

From MarketWatch • Feb. 1, 2026

Withdrawals for education, housing or business will be taxed as ordinary income.

From Los Angeles Times • Jan. 29, 2026

Twenty million pounds, when the ordinary income of the State amounts scarcely to seven millions!

From Through the Iron Bars Two Years of German Occupation in Belgium by Raemaekers, Louis