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Earned income

2 rules

(A) The term “earned income” means— (i) wages, salaries, tips, and other employee compensation, but only if such amounts are includible in gross income for the taxable year, plus (ii) the amount of the taxpayer’s net earnings from self-employment for the taxable year (within the meaning of section 1402(a)), but such net earnings shall be determined with regard to the deduction allowed to the taxpayer by section 164(f).

(B) For purposes of subparagraph (A)— (i) the earned income of an individual shall be computed without regard to any community property laws, (ii) no amount received as a pension or annuity shall be taken into account, (iii) no amount to which section 871(a) applies (relating to income of nonresident alien individuals not connected with United States business) shall be taken into account, (iv) no amount received for services provided by an individual while the individual is an inmate at a penal institution shall be taken into account, (v) no amount described in subparagraph (A) received for service performed in work activities as defined in paragraph (4) or (7) of section 407(d) of the Social Security Act to which the taxpayer is assigned under any State program under part A of title IV of such Act shall be taken into account, but only to the extent such amount is subsidized under such State program, and (vi) a taxpayer may elect to treat amounts excluded from gross income by reason of section 112 as earned income.

in view

Whole section

Encodings · 2

earned_income_before_section_112_election26 USC § 32 (c)(2) (c) · derived

26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(i)-(v)

name: earned_income_before_section_112_election
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(i)-(v)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: wages, salaries, tips, and other employee compensation
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: net earnings from self-employment
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: >-
            no amount received as a pension or annuity shall be taken into
            account
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: no amount to which section 871(a) applies
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: inmate at a penal institution
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: only to the extent such amount is subsidized
versions:
  - effective_from: '1990-01-01'
    formula: |-
      max(
          0,
          employee_compensation_includible_in_gross_income
          + net_earnings_from_self_employment_after_self_employment_tax_deduction
          - pension_or_annuity_amount
          - nonresident_alien_income_not_connected_with_united_states_business
          - penal_institution_service_compensation
          - subsidized_state_work_activity_service_compensation
      )

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earned_income26 USC § 32 (c)(2) (c) · derived

26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(vi)

name: earned_income
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(vi)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: import
        import:
          target: us:statutes/26/32/c/2#earned_income_before_section_112_election
          output: earned_income_before_section_112_election
          hash: sha256:local
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: >-
            a taxpayer may elect to treat amounts excluded from gross income by
            reason of section 112 as earned income
      - path: versions[0].formula
        kind: import
        import:
          target: >-
            us:statutes/26/112#amount_excluded_from_gross_income_by_reason_of_section_112
          output: amount_excluded_from_gross_income_by_reason_of_section_112
          hash: >-
            sha256:a7549fc6774224d725eaf654655707e7e97aecfa9fcebf378918778482f67512
versions:
  - effective_from: '1990-01-01'
    formula: >-
      earned_income_before_section_112_election

      + (if
      taxpayer_elects_to_treat_section_112_excluded_amounts_as_earned_income:
          amount_excluded_from_gross_income_by_reason_of_section_112
         else:
          0)

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▸rulespec code

Shown source

statutes/26/32/c/2.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

earned_income_before_section_112_election

Derived(c) in text ↖

source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(i)-(v)

- name: earned_income_before_section_112_election
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(i)-(v)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: wages, salaries, tips, and other employee compensation
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: net earnings from self-employment
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: no amount received as a pension or annuity shall be taken into account
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: no amount to which section 871(a) applies
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: inmate at a penal institution
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: only to the extent such amount is subsidized
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        max(
            0,
            employee_compensation_includible_in_gross_income
            + net_earnings_from_self_employment_after_self_employment_tax_deduction
            - pension_or_annuity_amount
            - nonresident_alien_income_not_connected_with_united_states_business
            - penal_institution_service_compensation
            - subsidized_state_work_activity_service_compensation
        )

earned_income

Derived(c) in text ↖

source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(vi)

- name: earned_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(vi)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/32/c/2#earned_income_before_section_112_election
            output: earned_income_before_section_112_election
            hash: sha256:local
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: >-
              a taxpayer may elect to treat amounts excluded from gross income by reason of section
              112 as earned income
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/112#amount_excluded_from_gross_income_by_reason_of_section_112
            output: amount_excluded_from_gross_income_by_reason_of_section_112
            hash: sha256:a7549fc6774224d725eaf654655707e7e97aecfa9fcebf378918778482f67512
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        earned_income_before_section_112_election
        + (if taxpayer_elects_to_treat_section_112_excluded_amounts_as_earned_income:
            amount_excluded_from_gross_income_by_reason_of_section_112
           else:
            0)

▸citations (4)

References

This rule cites 4 other rules.

26 USC § 1402 (a)inferredUS Federal › Statutes › Title 26 › § 1402 › (a)
26 USC § 164 (f)inferredUS Federal › Statutes › Title 26 › § 164 › (f)
26 USC § 871 (a)inferredUS Federal › Statutes › Title 26 › § 871 › (a)
26 USC § 112inferredUS Federal › Statutes › Title 26 › § 112

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us/statute/26/32/c/2 — Earned income · Axiom

Earned income

2 rules

Official source

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in view

Whole section

Encodings · 2

earned_income_before_section_112_election26 USC § 32 (c)(2) (c) · derived

26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(i)-(v)

name: earned_income_before_section_112_election
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(i)-(v)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: wages, salaries, tips, and other employee compensation
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: net earnings from self-employment
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: >-
            no amount received as a pension or annuity shall be taken into
            account
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: no amount to which section 871(a) applies
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: inmate at a penal institution
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: only to the extent such amount is subsidized
versions:
  - effective_from: '1990-01-01'
    formula: |-
      max(
          0,
          employee_compensation_includible_in_gross_income
          + net_earnings_from_self_employment_after_self_employment_tax_deduction
          - pension_or_annuity_amount
          - nonresident_alien_income_not_connected_with_united_states_business
          - penal_institution_service_compensation
          - subsidized_state_work_activity_service_compensation
      )

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earned_income26 USC § 32 (c)(2) (c) · derived

26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(vi)

name: earned_income
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(vi)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: import
        import:
          target: us:statutes/26/32/c/2#earned_income_before_section_112_election
          output: earned_income_before_section_112_election
          hash: sha256:local
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/32
          excerpt: >-
            a taxpayer may elect to treat amounts excluded from gross income by
            reason of section 112 as earned income
      - path: versions[0].formula
        kind: import
        import:
          target: >-
            us:statutes/26/112#amount_excluded_from_gross_income_by_reason_of_section_112
          output: amount_excluded_from_gross_income_by_reason_of_section_112
          hash: >-
            sha256:a7549fc6774224d725eaf654655707e7e97aecfa9fcebf378918778482f67512
versions:
  - effective_from: '1990-01-01'
    formula: >-
      earned_income_before_section_112_election

      + (if
      taxpayer_elects_to_treat_section_112_excluded_amounts_as_earned_income:
          amount_excluded_from_gross_income_by_reason_of_section_112
         else:
          0)

open in graph ↗

▸rulespec code

Shown source

statutes/26/32/c/2.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

earned_income_before_section_112_election

Derived(c) in text ↖

source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(i)-(v)

- name: earned_income_before_section_112_election
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(i)-(v)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: wages, salaries, tips, and other employee compensation
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: net earnings from self-employment
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: no amount received as a pension or annuity shall be taken into account
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: no amount to which section 871(a) applies
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: inmate at a penal institution
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: only to the extent such amount is subsidized
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        max(
            0,
            employee_compensation_includible_in_gross_income
            + net_earnings_from_self_employment_after_self_employment_tax_deduction
            - pension_or_annuity_amount
            - nonresident_alien_income_not_connected_with_united_states_business
            - penal_institution_service_compensation
            - subsidized_state_work_activity_service_compensation
        )

earned_income

Derived(c) in text ↖

source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(vi)

- name: earned_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 32(c)(2)(A), 26 USC 32(c)(2)(B)(vi)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/32/c/2#earned_income_before_section_112_election
            output: earned_income_before_section_112_election
            hash: sha256:local
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/32
            excerpt: >-
              a taxpayer may elect to treat amounts excluded from gross income by reason of section
              112 as earned income
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/112#amount_excluded_from_gross_income_by_reason_of_section_112
            output: amount_excluded_from_gross_income_by_reason_of_section_112
            hash: sha256:a7549fc6774224d725eaf654655707e7e97aecfa9fcebf378918778482f67512
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        earned_income_before_section_112_election
        + (if taxpayer_elects_to_treat_section_112_excluded_amounts_as_earned_income:
            amount_excluded_from_gross_income_by_reason_of_section_112
           else:
            0)

▸citations (4)

References

This rule cites 4 other rules.

26 USC § 1402 (a)inferredUS Federal › Statutes › Title 26 › § 1402 › (a)
26 USC § 164 (f)inferredUS Federal › Statutes › Title 26 › § 164 › (f)
26 USC § 871 (a)inferredUS Federal › Statutes › Title 26 › § 871 › (a)
26 USC § 112inferredUS Federal › Statutes › Title 26 › § 112