What is considered "other income" for tax purposes?

"Other income" for tax purposes includes various types of income that do not fall under the typical categories like wages, salaries, or investment income. In this context, income from scholarships and jury duty pay is categorized as "other income."

Scholarships or fellowship grants may cover various educational expenses or provide money to students, and under certain conditions, portions of these may be taxable, particularly if used for non-qualified expenses. Jury duty pay, which provides compensation for serving on a jury, is also considered taxable income and falls under the category of "other income."

These types of income may not be earned through traditional employment or business activities, making them distinct from other forms of income such as wages, investment earnings, or self-employment income, which are reported in different sections of a tax return. This distinction is crucial for properly categorizing income on tax returns.