Income Tax Lawyers in Eau Claire, Wisconsin

Find the right Income Tax attorney in Eau Claire, WI

The income tax in Eau Claire, Wisconsin 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 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 Wisconsin were allowed to impose income taxes of their own.

While the federal income tax applies to everyone in the United States, the income taxes imposed by individual states vary widely, and some states have no income tax at all. You should consult with an Eau Claire, Wisconsin tax lawyer or accountant to find out if your state is one of them.

Income Tax Deductions in Eau Claire, Wisconsin

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 .

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 reduced tax bill than a reduction of the same amount.

Lots of expenses that are common in Eau Claire are tax deductible. Federal tax deductions include mortgage interest, union dues, interest paid on mortgages, and others.

How Can A Eau Claire, Wisconsin Tax Attorney Help?

Income tax law can get fairly complex in Eau Claire, Wisconsin. 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 Eau Claire

Eau Claire is located in west Wisconsin, and is part of Eau Claire County. It is home to approximately 66,000 people. An interesting fact is that Eau Claire was one of the first Tree Cities to have been recognized. Also, in 2007 America's Promise named Eau Claire as one of the 100 best communities for young people.

Top employers include Hutchinson Technology, IDEXX Laboratories, Midwest Manufacturing and Open-Silicon. The legal industry also has a presence to support the needs of small and large corporations in Eau Claire. Small law offices and mid-size law firms train competent attorneys to provide excellent legal services to the city's residents.

Famous athletes have, at one time or another, called this city home. Such athletes include Hank Aaron, Jake Dowell, Mike Hintz, Herm Johnson, Vic Johnson, Paul Menard, Sis Paulsen, Ralph Pond, Brad Radke, Bill Schroeder, and Jerry Wunsch.

All in all, Eau Claire is a wonderful place to visit or call home!

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