Taxable events refer to any activity or transaction that may result in taxable income or trigger a tax liability.

Examples of taxable events include earning income from wages or salaries, selling assets such as stocks or real estate for a profit, and receiving interest income from bank accounts or other investments.

Other taxable events may include receiving alimony payments, collecting rent from rental properties, and receiving certain types of government benefits.

When a taxable event occurs, the taxpayer is typically required to report the income on their tax return and pay any applicable taxes owed to the government.

Understanding the various types of taxable events and how they are taxed is important for accurate reporting of income and determination of tax liability.