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In this video tutorial, the creator discusses how to report income and taxes on the Form I-864 Affidavit of Support. They highlight the importance of including federal tax returns, not state returns, as proof of income. It is recommended to attach copies of tax returns or request a tax transcript from the IRS. Additionally, including copies of W-2s or 1099s is necessary when reporting income on the affidavit. Check out their previous video for more detailed information on Form I-864.