Income Tax Lawyers in Woodbridge, New Jersey

Find the right Income Tax attorney in Woodbridge, NJ

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In Woodbridge, 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 Woodbridge, New Jersey tax Attorney or accountant to find out if your state is one of them.

Income Tax Deductions in Woodbridge, 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 .

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 lower tax burden than a tax deduction of the same amount.

Many expenses in Woodbridge are tax-deductible, such as interest paid on mortgages, charitable donations, the price of tax advice, and union dues, among others.

How Can A Woodbridge, New Jersey Tax Attorney Help?

Income tax laws are notoriously complex. If you live in Woodbridge, 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 Woodbridge

The township of Woodbridge New Jersey is located in Middlesex County. Woodbridge has a population of just under 100,000 residents, making it the fifth largest municipality in the state of New Jersey. Woodbridge also has the honor of being the oldest township in the entire state.

It is easy to see the history Woodbridge has to offer and many visitors enjoy the points of interests and historical figures that came out of the city. Named after Reverend John Woodbridge, the city has been growing rapidly since its founding.

One sector of Woodbridge that is of particular interest is the legal community. Woodbridge lawyers are trained at some of the best law schools in the country and skilled in a range of practice areas to help his or her client with their issue. Woodbridge lawyers enjoy everything the township has to offer, and also enjoy using their legal knowledge to help their neighbor.