Income Tax Lawyers in New Brunswick, New Jersey

Find the right Income Tax attorney in New Brunswick, NJ

In New Brunswick, New Jersey, the income tax is a tax imposed on money received (income) during a certain set time period. Under federal law, and the laws of most states, income from any source 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 New Jersey.

While the federal income tax applies to everybody 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 New Brunswick, New Jersey tax attorney or accountant to find out if your state is one of them.

Income Tax Deductions in New Brunswick, New Jersey

A tax deduction is a reduction in the portion of a person's income that is taxable, resulting in a lower tax liability. For example, suppose your income tax rate is 10%, and you had ,000 in income last year. If you got a ,000 tax deduction, your taxable income would be ,000, and you would have to pay 10% on that. So, it would reduce your tax liability from to .

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 New Brunswick 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 New Brunswick, New Jersey Tax Attorney Help?

Income tax laws in New Brunswick, New Jersey 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 New Brunswick

New Brunswick is located in Middlesex County, New Jersey. It is popular because it is home to Rutgers University. The city is located approximately 27 miles southwest of Manhattan. It is near the Raritan River.

New Brunswick's nickname is "the Healthcare City" because there are many hospitals. These hospitals include Robert Wood Johnson University Hospital, Saint Peter's University Hospital, and University of Medicine and Dentistry of New Jersey-Robert Wood Johnson Medical School.

Large employers include Johnson Johnson and Bristol-Myers Squibb. The legal industry is also present in New Brunswick because there are many law offices, and small to mid-size law firms in the city. The legal force here is trained to handle legal needs in all areas of law.

Popular attractions include the Albany Street Bridge, Highland Park, Old Queens, Buccleuch Mansion, St. Peter, the Delaware and Raritan Canal, Rutgers Gardens, and the Henry Guest House.

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