Income Tax Lawyers in North Providence, Rhode Island

Find the right Income Tax attorney in North Providence, RI

The income tax in North Providence, Rhode Island 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 has the authority to impose an income tax thanks to the 16th Amendment to the U.S. Constitution, enacted in 1916 after the Supreme Court had, on more than one occasion, found a federal income tax to be unconstitutional. Of course, before and after the creation of the federal income tax, states, including Rhode Island were allowed to impose income taxes of their own.

The federal income tax must be paid by everyone in the U.S. However, you must only pay the state income tax of the state you live in. You should talk with a financial adviser or tax lawyer in North Providence, Rhode Island if you are not clear about what your state and federal tax liability.

Income Tax Deductions in North Providence, Rhode Island

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 .

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 common expenses in North Providence can be deducted from your taxable income. They include mortgage interest, charitable contributions (if property documented, of course), the price of tax advice, union dues, and many others.

How Can A North Providence, Rhode Island Tax Attorney Help?

Income tax laws are notoriously complex. If you reside in North Providence, Rhode Island 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 North Providence

North Providence is located in Providence County, Rhode Island. The 2010 census reported its population to be 32,078 people.

The primary industries driving the economy are textile, chemical, and drum recycling. Although the legal force is not included amongst the top industries, there are many law offices and solo practitioners that practice in North Providence. Therefore the legal force is present and thriving.

Famous people that have called North Providence home are Ernie DiGregorio, Jim Gilchrist, Danielle Lacourse, Zellio Toppazzini, and Bob Giammarco.

For a small city covering a small area, North Providence has a lot to show for itself, making it a must-see city to visit!

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