Is your income safe from taxation this year? As we approach the midway point of 2026, you might be thinking about next year's income tax bill already.

The 2025 Trump tax bill has made headlines by making certain tip income and overtime pay "tax-free" via new deductions.

At the same time, other income — like credit card referral bonuses, small gambling winnings , or even certain life insurance payouts — could still trigger a bill. Even a simple gift might have hidden strings attached.

From just $107.88 $24.99 for Kiplinger Personal Finance

Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues

CLICK FOR FREE ISSUE

Sign up for Kiplinger’s Free Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

So how do you know what's considered federally taxable in 2026?…