Income Tax Lawyers in Naugatuck, Connecticut

Find the right Income Tax attorney in Naugatuck, CT

In Naugatuck, Connecticut, an income tax is imposed on a certain percentage of the income of all individuals and businesses. Usually, income from all sources can be taxed. The federal government has had explicit constitutional power to impose an income tax since 1916, with the passage of the 16th Amendment. This came after the Supreme Court had repeatedly found a federal income tax to be unconstitutional. States, including Connecticut, have always been free to impose whatever type of income tax they liked.

The federal income tax must be paid by everybody 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 attorney in Naugatuck, Connecticut if you are not clear about what your state and federal tax liability.

Income Tax Deductions in Naugatuck, Connecticut

A tax deduction is a reduction in one's taxable income. It results in less of your income being taxable, which causes a lower tax liability.

Don't confuse a tax deduction with a tax credit. A tax credit simply reduces your tax bill by the amount of the credit. A tax credit typically reduces your tax bill more than a deduction of the same amount.

Many expenses in Naugatuck are tax-deductible, such as interest paid on mortgages, charitable donations, the price of tax advice, and union dues, among others.

How Can A Naugatuck, Connecticut Tax Attorney Help?

Income tax laws in Naugatuck, Connecticut can get fairly complex. You should speak with an accountant or tax lawyer if you have any questions about your income tax liability.

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Life in Naugatuck

With a population of 30,989 (according to the 2000 census), Naugatuck, Connecticut is a sizeable town located spanning on both sides of the Naugatuck River in New Haven County, Connecticut. Of course, being that close to water on both sides, has created some flooding problems for the city. Originally established as a farming community, Naugatuck has grown to incorporate many other industries since it's 1701 inception. One company of interest is H. Barber and Sons, which designs beach rakes and has become the largest business of its type in the world. Naugatuck is also the manufacturing home to Peter Paul, a division of Hershey Foods that produces Almond Joy and Mounds candy bars. Notable current and former residents of Naugatick include Charles Goodyear and baseball player Frank Shea. Quality of life is good for the residents that refer to their home as "Naugy" and there are many fairs and other activities that connect the city. Naugatuck also has an unique approach to government, as it is the only consolidated town and borough in the state of Connecticut. Lawyers in Naugatuck also help improve the quality of life for their fellow citizen. Naigtuck lawyers are skilled in a range of specialties and truly enjoy their craft. Whatever legal issue their fellow Naugy may find themselves confronted with, a Naigtuck lawyer is there to help!

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