What Income is Taxable?

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The quick asnwer is that all come is taxable unless the law specifically excludes it. But as you might have guessed, there's more to it than that. Taxable income includes any money you receive such as wages and tips, but it can also include no-cash income from property or services. For example, both parties in a barter exchange must include the fair market value of goods or services received as income on their tax return. DanaP will share with the listening audience the ways to understand taxable income. Tune in here on this website page to educate yourself on taxable income.

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