Income Tax Lawyers in Goodyear, Arizona

Find the right Income Tax attorney in Goodyear, AZ

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In Goodyear, Arizona, an income tax is imposed on a certain percentage of the income of all individuals and businesses. Usually, income from all sources may be taxed. The federal government has the authority 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 Arizona were allowed to impose income taxes of their own.

The federal income tax must be paid by everyone in the U.S. However, you must only pay the state income tax of the state you live in. You should talk with a financial adviser or tax Lawyer in Goodyear, Arizona if you are not clear about what your state and federal tax liability.

Income Tax Deductions in Goodyear, Arizona

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

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

How Can A Goodyear, Arizona Tax Attorney Help?

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

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Life in Goodyear

In 1917, Goodyear Tire and Rubbery Company bought 16,000 acres of land to cultivate cotton for tire threads. This land came to be known as Goodyear. Goodyear is home to approximately 65,275 people and is located in Maricopa County, Arizona.

Besides the famous tire company, Goodyear is also known because the Cleveland Indians baseball team moved their spring training facility to Goodyear from Florida. Goodyear then funded a spring training complex, worth million, for the Cleveland Indians and Cincinnati Reds. The ballpark seats about 10,000 people and is one of the popular attractions to see.

Goodyear is home to many small to mid-size law firms with many capable attorneys able to handle any and all legal inquiries. Therefore, Goodyear residents can stay assured that their legal needs will be well-handled by the legal force in Goodyear, Arizona.