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Ordinance/Resolution Modifying Local Income Tax Rates Notes and Template The Templates below may be used when the adopting body is adding, increasing, decreasing, or rescinding a local income tax
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How to fill out taxable amp non-taxable income

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Gather all sources of income including wages, salaries, bonuses, rental income, interest, and dividends.
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Differentiate between taxable and non-taxable income by referring to IRS guidelines and regulations.
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Fill out the appropriate sections on the tax form for each type of income, ensuring accuracy and completeness.
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Consult a tax professional or use tax software to help navigate any complicated or ambiguous income sources.
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Taxable income is income that is subject to taxation, while non-taxable income is income that is not subject to taxation.
Individuals and businesses earning income are required to file both taxable and non-taxable income.
Taxable and non-taxable income can be reported on tax forms such as the IRS Form 1040 or equivalent forms for businesses.
The purpose of reporting taxable and non-taxable income is to calculate the tax liability owed to the government.
Income sources, deductions, credits, and exemptions must be reported on taxable and non-taxable income forms.
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