Imputed Income (Tax Law)

Imputed Income (Tax Law)

Definition

Amounts that may be treated as income to the taxpayer, even though the amounts are not directly paid to the taxpayer. Some examples of imputed income may include the benefit to the taxpayer from using his own goods or property or performing services for himself. An employee’s imputed income may also include the value of noncash benefits provided to the employee.

Get full access FREE

With a 7-day free trial membership
Here's why 816,000 law students have relied on our key terms:
  • A complete online legal dictionary of law terms and legal definitions
  • Over 7,900 key terms written in plain English to help you not only understand the law but master it
  • The premier online law dictionary built specifically for law students
  • Easy access in class or on the go, accessible both online and through the Quimbee mobile app
  • Reliable - written by legal professors and practitioners
  • Get instant access to all related rules of law to any specific key term with a Quimbee Study Aid plan

Get full access FREE

With a 7-day free trial membership