Items Specifically Excluded from Gross Income | Midpage

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United States Code

Part III

Items Specifically Excluded from Gross Income

101Certain death benefits 102Gifts and inheritances 103Interest on State and local bonds 104Compensation for injuries or sickness 105Amounts received under accident and health plans 106Contributions by employer to accident and health plans 107Rental value of parsonages 108Income from discharge of indebtedness 109Improvements by lessee on lessor’s property 110Qualified lessee construction allowances for short-term leases 111Recovery of tax benefit items 112Certain combat zone compensation of members of the Armed Forces 115Income of States, municipalities, etc.117Qualified scholarships 118Contributions to the capital of a corporation 119Meals or lodging furnished for the convenience of the employer 121Exclusion of gain from sale of principal residence 122Certain reduced uniformed services retirement pay 123Amounts received under insurance contracts for certain living expenses 125Cafeteria plans 126Certain cost-sharing payments 127Educational assistance programs 128Employer contributions to Trump accounts 129Dependent care assistance programs 130Certain personal injury liability assignments 131Certain foster care payments 132Certain fringe benefits 134Certain military benefits 135Income from United States savings bonds used to pay higher education tuition and fees 136Energy conservation subsidies provided by public utilities 137Adoption assistance programs 138Medicare Advantage MSA 139Disaster relief payments 139AFederal subsidies for prescription drug plans 139BBenefits provided to volunteer firefighters and emergency medical responders 139CCertain disability-related first responder retirement payments 139DIndian health care benefits 139EIndian general welfare benefits 139FCertain amounts received by wrongfully incarcerated individuals 139GAssignments to Alaska Native Settlement Trusts 139HInterest received in action to recover property seized by the Internal Revenue Service based on structuring transaction 139IContinuation coverage premium assistance 139JCertain contributions to Trump accounts 139KScholarships for qualified elementary or secondary education expenses of eligible students 139LInterest on loans secured by rural or agricultural real property 140Cross references to other Acts