Income Tax Lawyers in Abilene, Texas

Find the right Income Tax attorney in Abilene, TX

The income tax in Abilene, Texas 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 had explicit constitutional power to impose an income tax since 1916, with the passage of the 16th Amendment. This came after the Supreme Court had repeatedly found a federal income tax to be unconstitutional. States, including Texas, have always been free to impose whatever type of income tax they liked.

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 an Abilene, Texas tax attorney if you don't know what type of tax system your state has.

Income Tax Deductions in Abilene, Texas

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 common expenses in Abilene 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 Abilene, Texas Tax Attorney Help?

Income tax laws in Abilene, Texas 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 Abilene

Abilene, Texas is a city in Taylor and Jones Counties. It has a population of approximately 118,000 people, and is the county seat of Taylor County.

Abilene, Texas was founded in 1881 by cattlemen, as a shipping point on the Texas and Pacific Railway, which was beginning to link faraway parts of the country with one another.

Modernly, Abilene, Texas is a vibrant, thriving community, with many notable residents. For example, an Abilene, Texas attorney named Sarah Weddington lives in the city. She represented "Jane Roe" in the case of "Roe v. Wade," which resulted in the legalization of abortion nationwide.

Of course, there are many other capable and accomplished attorneys in Abilene, Texas, who just don't happen to be famous. However, if you are in need of any type of legal services, it's very likely that a lawyer in Abilene, Texas can help.

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