Income Tax Lawyers in Redmond, Washington

Find the right Income Tax attorney in Redmond, WA

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The income tax in Redmond, Washington is a tax imposed on all of the income earned or received by a person or corporation during a certain year. Under federal law, almost any type of income 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 Washington, were allowed to impose income taxes as they saw fit.

Everyone in the United States must pay the federal income tax. However, you only have to pay the state income tax of the state in which you reside. You should speak with an accountant or tax lawyer in Redmond, Washington if you aren't clear about what system your state has.

Income Tax Deductions in Redmond, Washington

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 reduction 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 reduced tax burden than a tax reduction of the same amount.

Many expenses in Redmond are tax-deductible, such as interest paid on mortgages, charitable contributions, the cost of tax advice, and union dues, among others.

How Can A Redmond, Washington Tax Attorney Help?

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

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Life in Redmond

Redmond is located in King County, Washington. It is approximately 16 miles east of Seattle. Per the 2010 census, it has a population of 45,256 people.

Top employers include Microsoft, Nintendo of America, Concur Technologies, Visible.net, Wild Tangent, Solstice and Data I/O, and Online Trading Academy.

Redmond is also home to many attorneys who reside in the city. These attorneys are very capable and easily handle the legal needs of Redmond residents. For large, complex cases Redmond residents go to the large, top-tier Seattle firms.

Overall, Redmond is a quaint place with small-town charm. It is a wonderful place to call home or visit!