Income Tax Lawyers in Castro Valley, California
In Castro Valley, California, 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 had explicit constitutional authority to impose an income tax since 1916, with the passage of the 16th Amendment. This came after the Supreme Court had consistently found a federal income tax to be unconstitutional. States, including California, have always been allowed to impose whatever type of income tax they liked.
While the federal government levies an income tax against every person and corporation in the U.S., the income taxes imposed by the states vary widely. Some states have fairly high income taxes, and a few have none at all. You should consult with a Castro Valley, California tax lawyer if you don't know what type of tax system your state has.
You may have heard rumors that the income tax is unconstitutional, and one's requirement to pay the federal income tax can be argued in court. However, this position relies on fringe constitutional arguments which have never been adopted by any U.S. court. If you refuse to pay your federal income tax in Castro Valley, California, you will face criminal charges.
Income Tax Deductions in Castro Valley, California
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 $50,000 in income last year. If you received a $1,000 tax deduction, your taxable income would be $49,000, and you would have to pay 10% on that. So, it would lower your tax liability from $5000 to $4900.
Don't confuse a tax deduction with a tax credit. A tax credit simply lowers your tax bill by the amount of the credit. A tax credit typically reduces your tax bill more than a reduction of the same amount.
Many common expenses in Castro Valley 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.
If one's state has an income tax, some of these expenses may be deductible from your state taxes, as well, but that depends on the law of California.
Find a Castro Valley Lawyer that Specializes in Your Area of Need:
How Can A Castro Valley, California Tax Attorney Help?
Income tax law can get fairly complex in Castro Valley, California. If you have any questions about your income tax liability, you should not hesitate to speak with a tax lawyer sooner, rather than later.
Income Tax Attorneys in the Largest CA Cities
Life in Castro ValleyCastro Valley, California is situated in Alameda County in the Bay Area. With its population of over 61,000, it is one of the largest unincorporated areas in the entire state. The economy of Castro Valley had its early foundations in chicken ranching, with several industry innovators in the city. Today Castro Valley is favored as a commuter town due to its proximity to metropolitan areas like San Francisco and San Jose.
Castro Valley Boulevard is the hub of economic and social activity in the city. The area contains many old-style boutique shops and diners, as well as modern establishments. Castro Valley is also well known for its florist shops, where patrons can purchase unique floral arrangements. Much of the city is comprised of hilly areas like Palomares Hills Park, which offers a breathtaking view of the city.
Popular attractions in Castro Valley, California include bowling at Castro Valley Bowl, miniature golfing at Golden Tee, and activities at the Castro Valley Community Center. Castro Valley hosts city events like the Fall Festival, the Classic Car Show, and a Rodeo Parade which has featured dancing horses. The Adobe Art Center also offers instructional courses and showcases art exhibits from local talent.
Lawyers in Castro Valley, California represent clients in many types of legal matters and issues. Many Castro Valley cases are filed at the Superior Court of California, County of Alameda located near the city. Many Castro Valley attorneys actively contribute to the community through local groups and civic organizations.