legitimate income

Legitimate income refers to money earned through lawful and accepted means, such as working a job, running a legal business, or receiving lawful investments like interest or dividends. It must comply with tax laws and regulations, meaning it is properly reported to authorities and obtained without illegal activities like theft, fraud, or tax evasion. This type of income ensures financial transactions are transparent and legal, supporting fair economic practices and avoiding legal penalties. Essentially, legitimate income is earnings that are honest, lawful, and recognized by authorities as valid sources of income.