Income Tax Lawyers in North Bergen, New Jersey

Find the right Income Tax attorney in North Bergen, NJ

In North Bergen, 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 North Bergen, New Jersey tax attorney or accountant to find out if your state is one of them.

Income Tax Deductions in North Bergen, 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.

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

How Can A North Bergen, New Jersey Tax Attorney Help?

Income tax laws are notoriously complex. If you live in North Bergen, New Jersey and run into any type of tax problems, including an audit or wage garnishment, a local tax attorney would almost certainly be able to help.

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Life in North Bergen

North Bergen is a township located in Hudson County, New Jersey. North Bergen, New Jersey has a population of about 60,000 people, as of the 2000 Census.

North Bergen got its name in the 1800s, when the former Bergen Township was divided into several smaller sections, one of them being North Bergen.

North Bergen, New Jersey is known for its hilly terrain, and is said to be second only to San Francisco in American cities with the most hills. It also has an elaborate shape - resembling an inverted "L." These factors have lead to different sections of North Bergen evolving into distinctive neighborhoods, each with its own unique look and feel.

In order to spur development and commerce, the state of New Jersey has designated North Bergen as an "Urban Enterprise Zone." Many state laws and regulations operate differently (or not at all) in these zones, for the purpose of encouraging businesses to set up shop. For example, sales tax is only 3 1/2%, as opposed to 7% in the rest of the state, and many items, mostly necessities for life, or those related to starting a business, are tax-free.

If you live in North Bergen, New Jersey and are in need of legal advice, you're in luck. There are many North Bergen, New Jersey lawyers who are ready to help you with whatever legal problems you may be facing.

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