Income Tax Lawyers in Del Mar, California
In Del Mar, California, an income tax is imposed on a certain percentage of the income of all individuals and businesses. Typically, 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 Del Mar, California tax lawyer if you don't know what type of tax system your state has.
You might have heard rumors claiming that you don't really have to pay your federal income tax. These rumors are false. "Tax protesters" rely on bizarre and discredited legal arguments in their claims that the federal income tax is somehow illegal. None of these arguments have ever been successful in U.S. Courts, and deliberately refusing to pay your income tax in Del Mar, California is a good way to end up in federal prison.
Income Tax Deductions in Del Mar, California
A tax deduction is simply a reduction in the part of a person's income that is taxable. For example, if someone makes $50,000 per year, and gets a $1,000 tax deduction, their taxable income is $49,000.
This should not be conflated with a tax credit, which is a reduction in your tax bill. A tax credit normally results in a greater reduction in tax liability than a reduction in the same amount.
Many common expenses in Del Mar can be deducted, in whole or in part, from your taxable income. Federal tax deductions include charitable contributions, union dues, interest paid on a mortgage, and state and local taxes.
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.
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How Can A Del Mar, California Tax Attorney Help?
Income tax laws in Del Mar, California can get very complex. You should speak with an accountant or tax attorney if you have any questions about your income tax liability.
Income Tax Attorneys in the Largest CA Cities
Life in Del MarDel Mar is located in San Diego County, California. With a smaller population of about 4,500, Del Mar is an upscale city known for its beautiful beaches and legendary surfing. The name "Del Mar" means "by the sea" or "of the sea", as it is located directly on the Pacific Coast. The city was mentioned in the Beach Boys hit song, "Surfin' USA".
Del Mar is home to several beaches which are known as excellent surfing spots. In particular, 15th Street Beach in Del Mar was listed as #4 on Time Magazine's list of "100 Greatest Beaches in the World". Other beach sites include Torrey Pines State Beach and North Beach, affectionately known as "Dog Beach" by the many dog owners who frequent the area.
Del Mar, California is also famous for being the home to the annual San Diego County Fair. The fair is one of the most popular summer fairs in all of California and is held at the Del Mar Fairgrounds. The Fairgrounds also houses the Del Mar Racetrack. In addition to the world-class beaches at Del Mar, the area is an excellent site for employment, with top hirers such as Kitchen 1540 and Pacifica Del Mar.
Lawyers in Del Mar, California handle a variety of different legal claims and disputes. Legal inquiries can be directed to an experienced Del Mar lawyer. Del Mar lawyers typically represent clients at the nearby Superior Court of California, County of San Diego.