Income Tax Lawyers in Tuscumbia, Alabama

Income Tax Attorneys in Tuscumbia, AL

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In Tuscumbia, Alabama, an income tax is imposed on a certain percentage of the income of all individuals and businesses. Typically, income from all sources can be taxed. The federal government has the power to impose an income tax thanks to the 16th Amendment to the U.S. Constitution, enacted in 1916 after the Supreme Court had, on more than one occasion, found a federal income tax to be unconstitutional. Of course, before and after the creation of the federal income tax, states, including Alabama were free to impose income taxes of their own.

Everybody in the United States must pay the federal income tax. However, you only have to pay the state income tax of the state in which you reside. You should speak with an accountant or tax lawyer in Tuscumbia, Alabama if you aren't clear about what system your state has.

There are many rumors floating about which claim that you don't really have to pay a federal income tax. These "tax protestors" rely on the false notion that the income tax is unconstitutional, or otherwise invalid. This is based on some fairly bizarre interpretations of the constitution and tax code, and suffice it to say, none of them have had much legal success. You should know that if you don't pay your federal taxes in Tuscumbia, Alabama, you will face criminal charges.

Income Tax Deductions in Tuscumbia, Alabama

A tax deduction is simply a reduction in the portion of a person's income which is taxable. For example, if someone makes $50,000 per year, and gets a $1,000 tax deduction, their taxable income is $49,000.

There is also something called a tax credit, which is treated as a partial payment of the income tax. A tax credit almost always results in a lower tax bill than a deduction of the same amount.

Many common expenses in Tuscumbia 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.

If your state has an income tax, some or all of these expenses might be deductible from your state income tax. The exact nature and extent of any deductions will depend on the laws of Alabama.

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How Can A Tuscumbia, Alabama Tax Attorney Help?

Income tax laws are notoriously complex. If you live in Tuscumbia, Alabama and run into any type of tax problems, including an audit or wage garnishment, a local tax attorney would almost certainly be able to help.

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