Income Tax Lawyers in Lawton, Oklahoma

Find the right Income Tax attorney in Lawton, OK

The income tax in Lawton, Oklahoma is a tax imposed on all money earned and received during the year. Under federal law, income through any source may be taxed. The federal government imposes an income tax on all persons and entities present in the United States. The authority 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 Oklahoma, were allowed 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 fairly high income taxes, and a few have none at all. You should consult with a Lawton, Oklahoma tax lawyer if you don't know what type of tax system your state has.

Income Tax Deductions in Lawton, Oklahoma

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

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

How Can A Lawton, Oklahoma Tax Attorney Help?

Income tax laws can get very complex. If you are in Lawton, Oklahoma and have any questions about your taxes, you should consult with an accountant or local tax lawyer to avoid tax problems, such as audit or wage garnishment.

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Life in Lawton

Lawton is located in Comanche County, Oklahoma. It has a population of 96,867 per the 2010 census. It was built on land that belong to the Kiowa Comanche and Apache Native Americans.

Popular sites include Lake Lawtonka, Lake Ellsworth, Elmer Thomas Lake, the Witchita Mountains Wildlife Refuge, The Museume of the Great Plains, and the Fort Sill Museum. As you can tell, Lawton is a great place for nature-lovers to visit.

Top employers include Goodyear Tire and Rubber Company, Cameron University, Assurant Solutions, Lawton-Fort Sill Regional Airport, and the school district. The legal force also has a presence via many firms and law offices that train excellent attorneys to handle any and every legal matter.

Famous residents include Bryan White, Kelly Willis, Leon Russell, Conrad Herwig, Charles Chibitty, Joan Crawford, Robert S. Johnson, and Will Shields.

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