ordinary income

American  

noun

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

---

Example Sentences

Conversions are treated as ordinary income.

From MarketWatch

Second, because traditional IRA withdrawals are subject to ordinary income tax, you want to be mindful not to push yourself into a higher tax bracket as required minimum distributions begin.

From MarketWatch

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

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

From Los Angeles Times

“Then you’re forced to take money out at high ordinary income rates,” Downing said.

From MarketWatch