The Best Kind of Income: Nontaxable

Other than free coffee provided by your employer, what are some other nontaxable items out there? Some of the most common include: municipal bond interest, non cash gifts from your employer of small value like a holiday turkey, gifts from family, inheritances in most states, life insurance proceeds,  lawsuit awards for physical injury or sickness, and up to $5,250 of qualified educational assistance from your employer.  Inheritances are all tax free from Federal taxes but some states tax inheritances above a certain amount.