Income Tax Lawyers in Haverhill, Massachusetts

Find the right Income Tax attorney in Haverhill, MA

In Haverhill, Massachusetts, income tax is imposed on most sources of income that a person receives in a certain year. Under federal, state, and most local laws income from all sources may be taxed. The federal government has had the constitutional authority 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 Massachusetts.

While the federal income tax applies to everyone in the United States, the income taxes imposed by individual states vary widely, and some states have no income tax at all. You should consult with a Haverhill, Massachusetts tax lawyer or accountant to find out if your state is one of them.

Income Tax Deductions in Haverhill, Massachusetts

A tax deduction is a reduction in one's taxable income. For example, if a person makes ,000 per year, and receives a ,000 tax deduction, they will only have to pay taxes on the remaining ,000.

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.

Lots of expenses that are common in Haverhill are tax deductible. Federal tax deductions include mortgage interest, union dues, interest paid on mortgages, and others.

How Can A Haverhill, Massachusetts Tax Attorney Help?

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

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Life in Haverhill

Haverhill is a Massachusetts city located in the county of Essex. Founded in 1640, it is one of the oldest known communities in the state. The city encompasses a wide range of industries, from agricultural rural land use to modern research efforts found in its urban areas.

Haverhill is dedicated to preserving its rich history which captures early American life. The Haverhill Historical Society showcases colonial life through the Buttonwood Museum. Recently Haverhill formed "Cultural Treasures", a collection of five non-profit cultural groups promoting history and the arts.

There are many opportunities for outdoor recreation in Haverhill. In particular, the Merrimack River is an ideal location for hiking and observing nature. Haverhill is home to a growing bald eagle population which can be seen along the River.

Noteworthy Haverhill inhabitants have included inventor Alexander Graham Bell, Supreme Court Justice William Henry Moody, and comic creator Bob Montana. Bob Montana's famous comic "Archie" is based on everyday Haverhill life.

Lawyers in Haverhill, Massachusetts generally file most of their cases at the Haverhill District Court. Many Haverhill lawyers are members of outstanding Massachusetts legal organizations.

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