Income Tax Lawyers in Springfield, Ohio

Find the right Income Tax attorney in Springfield, OH

The income tax in Springfield, Ohio is a tax imposed on all money earned and received during the year. Under federal law, income from any source can be taxed. The federal government imposes an income tax on all persons and entities present in the United States. The power to tax incomes was granted to the federal government in 1913 with the ratification of the 16th Amendment to the Constitution. Before that time, the Supreme Court had found a federal income tax unconstitutional, prompting the passage of the amendment. Of course, individual states, including Ohio, were free to impose income taxes as they saw fit.

While the federal government levies an income tax against every person and corporation in the U.S., the income taxes imposed by the states vary widely. Some states have relatively high income taxes, and a few have none at all. You should consult with a Springfield, Ohio tax attorney if you don't know what type of tax system your state has.

Income Tax Deductions in Springfield, Ohio

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 Springfield 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 Springfield, Ohio Tax Attorney Help?

Income tax laws in Springfield, Ohio can get fairly complex. You should speak with an accountant or tax lawyer if you have any questions about your income tax liability.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Springfield

Springfield is located in Clark County, Ohio. It is located west of Columbus, near Dayton, Mad River, and Buck Creek.

Interestingly, Newsweek Magazine included Springfield in its anniversary issue titled "The American Dream," which was published in 1983. In 2004, it was named an "All American City."

For nature lovers, a popular attraction is the Buck Creek Scenic Trailhead, which is great for walks, hikes, and nature-watching.

Springfield also has many well-established law offices and law firms. These offices and firms train excellent attorneys to provide personalized legal services to residents and local businesses.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Ian M.
Ian M.

Bankruptcy, Banking & Credit

Richboro, PA

Eddy H.
Eddy H.

Bankruptcy, Banking & Credit

San Mateo, CA

Howard B.
Howard B.

Bankruptcy, Banking & Credit

Rye Brook, NY