Income Tax Lawyers in Ann Arbor, Michigan

Find the right Income Tax attorney in Ann Arbor, MI

In Ann Arbor, Michigan, 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 Michigan.

The federal income tax must be paid by everyone 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 lawyer in Ann Arbor, Michigan if you are not clear about what your state and federal tax liability.

Income Tax Deductions in Ann Arbor, Michigan

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

This should not be confused with a tax credit, which is simply a reduction in somebody's tax bill. A tax credit will usually reduce your tax liability far more than a tax reduction of the same amount.

Under federal law, numerous expenses in Ann Arbor are tax-deductible, including interest paid on a mortgage, charitable donations, the price of tax advice, and union or professional dues, among many others.

How Can A Ann Arbor, Michigan Tax Attorney Help?

Income tax law can get fairly complex in Ann Arbor, Michigan. If you have any questions about your income tax liability, you should not hesitate to speak with a tax lawyer sooner, rather than later.

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Life in Ann Arbor

Ann Arbor, Michigan is a city in Washtenaw County, of which it is also the county seat. Its current population is approximately 114,000 people, making it the sixth largest city in Michigan.

Ann Arbor was founded in 1824, and is perhaps best known for being the site of the University of Michigan. The University of Michigan is one of the most prestigious educational institutions in the United States, and is generally considered one of the "public ivies" - public universities which are considered to be on par with the universities in the Ivy League. The University of Michigan is particularly well known for its law school, which is one of the top 14 law schools in the country. This school has produced thousands of extremely accomplished Ann Arbor, Michigan lawyers.

And thanks to the presence of a large university, Ann Arbor, Michigan has largely been spared the economic woes that have affected the rest of the state. The university employs a large number of people, and provides local businesses with a large customer base.

If you live in Ann Arbor, Michigan, and are in need of legal services, there's a very good chance that there's an Ann Arbor, Michigan attorney who can help you.

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