Income Tax Lawyers in Weston, Florida

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In Weston, Florida, an income tax is imposed on a certain percentage of the income of all individuals and businesses. Generally, income from all sources can be taxed. The federal government has had the constitutional power to impose an income tax since 1916, since the passage of the 16th Amendment. Before then, states could, and still can, impose whatever income tax they like, including in Florida.

Everybody in the U.S. is subject to the federal income tax. But you are only subject to the income tax of the state in which you reside. Some states have no income tax at all. You should speak with an accountant or tax Attorney in Weston, Florida if you don't know what the tax system is here.

Income Tax Deductions in Weston, Florida

A tax deduction is a reduction in the portion of a person's income that is taxable, resulting in a lower tax liability. For example, suppose your income tax rate is 10%, and you had ,000 in income last year. If you got a ,000 tax deduction, your taxable income would be ,000, and you would have to pay 10% on that. So, it would reduce your tax liability from to .

This should not be confused with a tax credit, which is a reduction of a person's tax bill. A tax credit almost always results in a lower tax burden than a tax deduction of the same amount.

Many common expenses in Weston can be deducted from your taxable income. They include mortgage interest, charitable donations (if property documented, of course), the cost of tax advice, union dues, and many others.

How Can A Weston, Florida Tax Attorney Help?

Income tax law can get fairly complex in Weston, Florida. If you have any questions about your income tax liability, you should not hesitate to speak with a tax Attorney sooner, rather than later.

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Life in Weston

Weston is one of South Florida's suburbs. It is home to about 66,000 people. Interestingly, in 2010, Money Magazine ranked Weston the 19th "Biggest Earners" city in America due to the median family income being about ,000.

With such a high median income, Weston is seen as an area with large job growth. It also is known as a very affordable area with a well planned community. Along with being home to businesses of all sizes, Weston is also home to many law firms. Weston residents can be rest assured that any and every legal inquiry of theirs can be handled by Weston's legal force.

Some popular Weston residents include Jason Taylor, Manny Ramirez, Joey Porter, Dan Marino, Al Leiter, Eddie Jones, Brandon Jackson, Dudley Hart, and Will Allen.

Many Florida residents aspire to be a part of the Weston community!