Income Tax Lawyers in College Park, Maryland

Find the right Income Tax attorney in College Park, MD

In College Park, Maryland, income tax is imposed on most sources of income that a person receives in a given year. Under federal, state, and most local laws 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 Maryland.

Everybody in the U.S. is subject to the federal income tax. But you are only subject to the income tax of the state in which you reside. Some states have no income tax at all. You should speak with an accountant or tax attorney in College Park, Maryland if you don't know what the tax system is here.

Income Tax Deductions in College Park, Maryland

A tax deduction is a reduction in your 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.

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 common expenses in College Park can be deducted, in whole or in part, from your taxable income. Federal tax deductions include charitable donations, union dues, interest paid on a mortgage, and state and local taxes.

How Can A College Park, Maryland Tax Attorney Help?

Income tax laws in College Park, Maryland 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 College Park

College Park, Maryland is a community of about 25,000 people, situated in Prince George's County. It is just outside Washington, D.C.

College Park is home to the University of Maryland, a public research university, and the flagship of Maryland's public university system. University of Maryland, College Park is very well-regarded across the country, and some rankings even put it in the top 50 universities in the world.

Given its size, and the presence of a major university attracting students from all over the nation, College Park, Maryland is definitely a classic "college town." As with any college town, there is sometimes conflict between students and long-time residents of the town. However, it is rarely serious, and typically does not escalate beyond noise complaints and other minor nuisances.

Occasionally, however, the student community attempts to get one of its own elected to the city council, since anybody who resides in College Park and is over 21 is eligible to run. None of these bids have been successful, however.

College towns tend to have slightly more lawyers than other communities of comparable size. This means that there are probably College Park, Maryland lawyers who can handle just about any type of legal issue that you're likely to face in your lifetime. If you have a legal issue, it's very like that there's a College Park, Maryland lawyer who can help.

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