Income Tax Lawyers in Toms River, New Jersey

Find the right Income Tax attorney in Toms River, NJ

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

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 Toms River, New Jersey tax Lawyer or accountant to find out if your state is one of them.

Income Tax Deductions in Toms River, New Jersey

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 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.

Many expenses in Toms River are tax-deductible, such as interest paid on mortgages, charitable contributions, the cost of tax advice, and union dues, among others.

How Can A Toms River, New Jersey Tax Attorney Help?

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

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Life in Toms River

Toms River underwent a name change in November of 2006. Prior to being called Toms River, the city was called the Township of Dover. As of 2010, the city has a population of 91,239 people.

The city is known because in 2006 it was ranked fourteenth amongst the Safest City in the U.S. by Morgan Quitno. Three hundred and sixty-nine cities were surveyed. CQ Press, in 2007 and 2008 also ranked Toms River in their Safest Cities list.

Toms River has been pictured in popular television shows such as MTV's Made and Jersey Shore, as well as Boardwalk Empire on HBO. It has also been pictured in the popular film The Amityville Horror.

The area is home to many attorneys who have established well-respected practices. Therefore, the legal inquiries of residents and local businesses can easily be handled by Toms River's legal force.