What Is Irregular Income

820-5 IRREGULAR INCOME. The income is considered irregular when the payments are not made on a regular schedule. An individual may receive income on an irregular or sporadic basis. Examples of irregular income include day labor, on-call work (such as substitute teaching), craft sales, and receipt of spousal support.

Is irregular income taxable?

Irregular income includes income such as overtime (O.T.) or bonuses earned in addition to regular income. … Any accumulated income tax up to this period, that is, year-to-date tax paid, is deducted from this amount to give the remaining tax to be paid for the year.

What is varied income?

Variable income means earned or unearned income that is not always received in the same amount each month.