Income Tax Lawyers in Beaufort, South Carolina

Find the right Income Tax attorney in Beaufort, SC

The income tax in Beaufort, South Carolina 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 has the power 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 South Carolina were free to impose income taxes of their own.

The federal income tax must be paid by everybody 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 attorney in Beaufort, South Carolina if you are not clear about what your state and federal tax liability.

Income Tax Deductions in Beaufort, South Carolina

A tax deduction is simply a reduction in the portion of a person's income which is taxable. For example, if someone makes ,000 per year, and gets a ,000 tax deduction, their taxable income is ,000.

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.

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

How Can A Beaufort, South Carolina Tax Attorney Help?

Income tax laws can get quite complex, especially when large amounts of money from multiple sources are involved. It would not be a bad idea to call a Beaufort, South Carolina tax attorney to avoid the consequences of under-paying, and to prevent you from over-paying.

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Life in Beaufort

The city of Beaufort is the county seat of Beaufort County in South Carolina. Beaufort is situated on Port Royal Islands, in the Sea Islands and Lowcountry areas. Sometimes the city is confused with a city of the same name in North Carolina- the two have the same spelling but are pronounced differently.

Beaufort is known for its scenery and historic feel. Many of the buildings located there are done in antebellum style architecture. It is the second oldest city in the state and boasts a population of about 13,000. The downtown historic district is where much of the original Beaufort settlement can still be found. Other neighborhoods include the Pigeon Point, West End, Spanish Point, and Battery Creek areas.

Tourism has become the main focal point of the Beaufort economy. The city's hotel and bed breakfast scene thrives due to visitors seeking beach vacations, golfing areas, and watersport opportunities.

Lawyers in Beaufort usually visit the Beaufort Municipal Court when filing claims. Many Beaufort, South Carolina lawyers are members of the Beaufort County Bar Association as well as the South Carolina Bar Association. Beaufort lawyers specialize in a variety of legal fields and practices.

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