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ordinary income

American  

noun

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


Example Sentences

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If this number is over $34,000 for a single person or $44,000 for a married couple, up to 85% of your Social Security benefit will be taxed as ordinary income.

From Barron's Jun. 24, 2026

They are offering yields of up to 3%, are taxable as ordinary income — not as capital gains — and are not risk-free.

From MarketWatch Jun. 2, 2026

Your traditional IRAs would likely be taxable as ordinary income if/when inherited by your heirs, so taxable investments can be more tax-efficient from a legacy perspective than preserving IRA assets.

From MarketWatch Jun. 1, 2026

With a traditional IRA, funds tapped before age 59 ½ are assessed a 10% penalty and subject to ordinary income taxes.

From Barron's May 28, 2026

The city adopted a commission form and a four hundred thousand dollar floating debt was paid off in one year out of the ordinary income of the city.

From Elements of Debating by Lyon, Leverett S. (Leverett Samuel)

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