Income Tax Lawyers in Hampton, Virginia

Find the right Income Tax attorney in Hampton, VA

The income tax in Hampton, Virginia is a tax imposed on all of the income earned or received by a person or corporation during a given year. Under federal law, almost any type of income 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 Virginia, 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 Hampton, Virginia tax attorney if you don't know what type of tax system your state has.

Income Tax Deductions in Hampton, Virginia

A tax deduction is an expense which, in whole or in part, is subtracted from a person's taxable income. For example, if you make ,000 in a year, and the tax rate is 10%, a deduction of ,000 results in only ,000 being taxed. This means that you will pay ,900 instead of ,000.

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 Hampton 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 Hampton, Virginia Tax Attorney Help?

Income tax law can get fairly complex in Hampton, Virginia. If you have any questions about your income tax liability, you should not hesitate to speak with a tax attorney sooner, rather than later.

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Life in Hampton

Hampton is located in southeast Virginia, with a population of around 137,500 people. It is considered a major city and a part of the "Hampton Roads" area in Virginia. Neighboring waters include the Chesapeake Bay and the Atlantic Ocean.

Popular attractions include Buckroe Beach, Buckroe Fishing Pier, Downtown Hampton Historic District, Fort Monroe, Gosnold Hope Park, Hampton History Museum, Jacques Cousteau Centre, Langley Air Force Base, New American Theatre, Old Point Comfort, and Sandy Bottom Nature Park.

Famous residents include Jefferson Davis, Jeff Parker, Jerry Roursh, Jim Burrow, Jimmy F. Williams, and Michael Husted.

Hampton is home to many practicing attorneys who manage small law offices and firms, and provide personalized legal services in most, if not all, practice areas. Therefore, residents are well-taken care of when it comes to tending to their legal needs.

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