Gross Income

All income you received during the year before any deductions. Includes wages, interest, dividends, business income, and more.

Full explanation

Gross income is the starting point for calculating your taxes. It includes: wages and salaries (W-2), self-employment income (1099-NEC, Schedule C), interest (1099-INT), dividends (1099-DIV), capital gains, rental income, retirement distributions, unemployment compensation, and most other income. Some income is excluded from gross income: tax-exempt municipal bond interest, gifts and inheritances, life insurance proceeds, Roth IRA distributions (generally), and the first $250K/$500K of home sale profit.

Source: IRS Publication 525 — Taxable and Nontaxable Income

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“How does gross incomeaffect my taxes?”

Tax education only. Source: IRS Publication 525 — Taxable and Nontaxable Income.