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February 5, 2024

Community income is the income of a married couple who lives in a community property state.

 

The community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Wisconsin and Washington. 

 

if you live in one of these states and are married, legally the income of both of you belongs to you equally, regardless of who earned it. 

 

For example: You are married and live in Texas. One spouse earns $50,000 at a job, the other has $10,000 in interest income. Legally, each spouse has $25,000 in wages and $5,000 in interest income. 

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