What is Passive Income?

Passive income comes from an activity in which an individual is not actively involved, such as a rental property or a business the individual does not play an active role in. The IRS collects income tax on passive income.

Related Terms

What is Gross Income?

What is Capital Gain?

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Tax positions for businesses and individuals

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R&D tax credits

Fuel your venture's growth and innovation with the R&D tax credits. Not just for tech firms or big corporations.

Augusta rule

Rent out your home tax-free for up to 14 days per year. Save even more if you rent to your business.

Depreciation

Put your fixed assets to work for you by utilizing depreciation to find and compare tax savings in minutes.

Home office

Turn your workspace into a tax-saving opportunity. Saving as much as you can? Probably not.

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Tax positions for businesses and individuals

R&D tax credits

Augusta rule

Depreciation

Home office

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