When calculating federal income taxes, "gross income" includes all of the following except

Name: When calculating federal income taxes, "gross income" includes all of the following except
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All of the options listed are typically considered gross income for federal tax purposes, with the exception of the earned income credit. The earned income credit is considered a credit against taxes owed, rather than income that is subject to taxation.

When Calculating Federal Income Taxes, "Gross Income" Includes All of the Following