Income Tax Lawyers in Clearwater, Florida

Find the right Income Tax attorney in Clearwater, FL

In Clearwater, Florida, 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 the constitutional power to impose an income tax since 1916, since the passage of the 16th Amendment. Before then, states could, and still can, impose whatever income tax they like, including in Florida.

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 relatively high income taxes, and a few have none at all. You should consult with a Clearwater, Florida tax attorney if you don't know what type of tax system your state has.

Income Tax Deductions in Clearwater, Florida

A tax deduction is an expense which, in whole or in part, is subtracted from a person's taxable income. For example, if you make ,000 in a year, and the tax rate is 10%, a deduction of ,000 results in only ,000 being taxed. This means that you will pay ,900 instead of ,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.

Under federal law, many expenses in Clearwater are tax-deductible, including interest paid on a mortgage, charitable contributions, the cost of tax advice, and union or professional dues, among many others.

How Can A Clearwater, Florida Tax Attorney Help?

Income tax laws can get quite complex, especially when large amounts of money from multiple sources are involved. It would not be a bad idea to call a Clearwater, Florida tax attorney to avoid the consequences of under-paying, and to prevent you from over-paying.

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Life in Clearwater

Clearwater, Florida is a city in Pinellas County, Florida, of which it is the county seat. It is west of Tampa and north of St. Petersburg. It has a population of about 108,000 people.

Clearwater can trace its modern history back to 1835, when the Army established a military outpost there to fight the Seminole Wars.

Presently, Clearwater, Florida is a largely residential community. It is also known for being home to the spiritual headquarters of the Church of Scientology. While the group is controversial, its presence in Clearwater, Florida injects about 150 million dollars into the local economy each year. Because of the many legal disputes they get into, they also probably contribute to the business of several Clearwater, Florida attorneys.

If you live in Clearwater, Florida, and need an attorney, chances are good that a Clearwater, Florida lawyer can help you with whatever your legal issue might be.

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