ordinary income

American  

noun

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

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Example Sentences

You would not face the 10% early withdrawal penalty, even if the money would still be taxed as ordinary income.

From MarketWatch • Apr. 6, 2026

Interest earned on savings, bonds and CDs is generally taxed at ordinary income rates, so consult a tax professional to make sure how you can avoid sliding into a higher tax bracket.

From MarketWatch • Mar. 26, 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

Some get treated as ordinary income, while others are taxed at the capital-gains rate, among myriad other issues when it comes to paying the tax bill on your investments.

From The Wall Street Journal • Mar. 8, 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)