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CURRENT INCOME The column labeled “Spouse must be completed in all cases filed by joint debtors and by every married debtor, whether a joint petition is anticipated (unless the spouses are separated
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Current income refers to the total amount of money earned or received by an individual or household within a specific period of time.
Individuals and households who have earned income during the year are required to file their current income.
To fill out current income, individuals need to gather all sources of income such as wages, salaries, tips, bonuses, rental income, and other forms of earnings.
The purpose of reporting current income is to accurately reflect an individual or household's financial situation and determine tax obligations.
Information such as gross income, deductions, tax credits, and total income must be reported on current income forms.
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