How does one figure out their taxable income for the year?

Phantasm

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You can figure out your taxable income for the year by adding up all of the income you have earned from wages, dividends, and interest. Then, compare this number to what you've reported on your tax returns from previous years. If you notice an increase in your taxable income this year as compared to last year, then it's likely that you need to pay more in taxes for the current year. This is important to know because it could mean that there will be a tax increase on your property tax bill.

When you receive your final property tax bill from the county, you'll need to figure out whether or not your taxes went up. Usually, this increase is due to the 2015 assessment. If the county's assessment increased, then you'll probably have to pay more in taxes for this year. It's important to note that it's usually not possible for property owners like you to determine if their taxes went up or down for any particular year . Still, this means that you can't know for sure whether or not your county assessor is able to properly collect revenue from all property owners like you in the area .
 
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