Exclusions from gross income

1)minion child support

2)property settlement

3)gifts and inheritances

4)annuities and pensions

5)life insurance proceeds ↔︎life insurance premium is not deductible 

6)compensations for damages

7)stock dividends

8)certain interest income 

9)scholarship and fellowship

10)political contribution

11)rental value of parsonage 

12)discharge of indebtedness

13)leasehold improvements