The Courier News from Blytheville, Arkansas on January 8, 1953 · Page 11
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The Courier News from Blytheville, Arkansas · Page 11

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Blytheville, Arkansas
Issue Date:
Thursday, January 8, 1953
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Page 11
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^ THURSDAY, JAN. 8, 1953 Your Income Tax Primer — BLYTHEVTLLE (ARKT COURIER NEWS Every Dollar of Deductions Can Save You 22 Cents By RICHARD A. .MULLENS NEA Income Tax Expert Every dollar of deductions you can claim will save you at least 22 cents and even more if your income Is over $4000.-Don't overlook any. That's why you shnuM read through tills and the previous article carefully. They will remind you of deductions that you might otherwise overlook. And when you finish this article, you will know whether your deductions exceed 10 per cent of your income and should be Itemized on page 3 of Form 1040. . Property losses caused either by > casualty or theft can be shown .on page 3 even though the property is for your own personal use. Casualty losses Include damage from fire, storm, flood, lightning, hurricane and other sudden, unexpected or. unusual causes. Thus damages from a bursting boiler or frozen pipes would be a casualty loss, You can deduct damages to your car caused by a collision unless the collision was due to your willful negligence. Faulty driving is not classed as willful negligence but driving while Intoxicated is. The amount of the loss or dim»£* to b* deducted should he computed in accordance with the Bureau Instructions on page 11. If you have difficulty determining the fair market value of the property both before and Just aflcr the loss, as required by the Bureau, Mmember that such things as repair bills..insurance adjuster's estl mates, and police or fire department records are good evidence of the amount ol your loss, A loss from a casualty or-from theft should be deducted In the • year the loss occurred. If you are covered by Insurance, the loss must be reduced by any recovery. 1 If your casualty loss In 1952 Sfc- eeede (your 1952 Income, you can deduct the excess from your 1951 Income and get a refund. 'Do this bv filing a claim on a form you can get from your Director of Internal Revenue. Medical and dental deductions are fisned exactly the same as last year. That means If either husband w wife had (he 65th birthday on or before Jan. 1, 1053. then they ean deduct all expenses for their own medical rare, provided they ehoo« to Itemize deductions on faff 3 of Form 1040. If either husband or wife spend money 'on medical care of a dependent as defined below, only that part of the expense that exceeds five per cent of their adjusted gross income (Item 4, page I) can be Included In the deduction. If neither husband nor wife was 65 or over in 1952, then only those expenses in excess of five per cent of their adjusted gross Income .can be deducted. Medical and dental expenses Include any such amount you paid hi 1952 for yourself, your wife, all de- pendenUs claimed on your return, and also your child to whose support you contributed more than half but who was not a legal dependent because he earned more than $600.. Payments that can be considered deductible medical or dental expenses are listed on .page 11 of the official instructions. Note that costs of travel necessary to get medical care are deductible while costs of travel ordered or suggested for a rest or change are not. If .your minor child 15 (11 and It is necessary to travel to get medical care, you can deduct the expense of transportation, meals and.lodging for your child a.nd yourself, If you go along. There U. a maximum limitation on the medfcAl deduction which va ries accqidlng to the number of dependents : and type • of - return you file. The limitations are explained on page 11 of-the instructions. , The Jajt • deduction .schedule, on' page 3. is a catcVall'for deductions not taken elsewhere lyjical exam. pics of items'that'CarT he''deducted In the "MUcellane.ous"'«:hedule ar*^ 1. Expenses of eaffilng ifm salary or wage. Any or<lmir> anrL^neces sary expenses |n your Ilne-of work are deductible." This -include^ dues, Initiation fees, and assessments to labor unions and .professional. societies; entertainment of 'customers to promote specific deals and not just for general good will: uniforms, work clothes, and costumes required In your wor.k. and that do not replace your own .ordinary clothing; safety equipment, tools and supplies necessary and custom-, ery in your work. It also Includes expenses of travel for your employer when -you did not stay away overnight. Do not deduct on page 3 any overnight travel expenses or any expenses for which you were reimbursed by your employer. These should be deducted in Hem 2, page 1 of the return as explained in the 6th article. 2. Alimony paid regularly, but not necessarily at Used intervals under court order. You cannot deduct any sums-specifically designated for Ihe support of your minor children. 3. Cosls of managemen!, maintenance and conservation'of property held for investment. This includes cost of a safety deposit box for your securities. 4. Pecs or expenses incurred in preparing your income tax return. .Vow you arc ready lo fill out yiur tax return in accordance with lo- Wake Up To More Comfort Without Nagging Backache NuRKinirbjicfcache.Iossof TicpnnrtenrrRy. hrniiachcsanr) diitincs* mar he rl< f « [ o B ] o w- d.v.vn of ktdnpy function. Doctor* »ay (rood Vidrcey (tineltcm is very important to COCK) health. \Vhrn *'>mc everyday fMiditiftn,«ucli function lo slow rtrwn.many folk* suffer nae. EinB backache-feel miserable. Mjn or M^. rfpr irritations dur In COM or nrronK diet may cmisc ccttinfTiip riiirMs or frequent pa**Rp<> 4 Don't Tieclccl your kidneys if these condU tiona bother you. Trr Doan's Pill*-;! mild diuretic. Uied inueMfullr l.y millions for over 50 years U > aniline h<™ mnr,y lime, noan s (TITC nappy relief from these Hi<com- forta-helpthelSmircaof kidneytuhesan'rtfi]. ten fliuh out tasle. Get Doaa'a Pilu to^iyI CHEVROLET Foil 1951—Chevrolet new models for 1053, being presented in three series this year, will go on display here tomorrow fit Sullivan-Nel- son Nrotor Co., 301 West Walnut. Shown shove Is the four-door sedan In the "Two-Ten" series. GOP Senators Turn to Civil Service In Hunt for Job for Party Members WASHINGTON (IP, _ Republican senators, anxious to find government jobs for deserving party members, decided yesterday to ask the Civil Service Commission for n complete list of all Jobs available for political appointment. Sen. Millikln of Colorado, Republican conference chairman, said Sen. Taft of Ohio, majority leader, will present a resolution for Senate approval asking for the list of all such positions. This follows a pattern set by the Democrats 20 years ago when they won control of Congress. Even before Franklin D. Roosevelt took of- lice in 1933, Congress ordered civil service to compile the job list. Millikln said the list would Include all unclassified positions In the government — which means those that could be IDIed by political appointment — as well as the morrow's article. Tax Primer Q & A — Q. I gare three pints of blonrl worth around S30 In SIO to the Red Cross In .195Z. Can I deduct Ihe value of (he donated blood? A. The Bureau has ruled that such donations are not deductible. Q. Under a divorce decree, I have been ordered to pay my ex-wife S100 a month, S75 of which Is for the support of our child living with her. How much can I deduct as alimony? A. Assuming you pay the S100 per month, you can only deduct $25 of it since the remainder is specifically designated-for the support of your child. " •'• Q. While swimming I lost my diamond ring worth S-180. Can I deduct this as a casualty loss? A. No. Losses due to mislaying or losing jm article are not deductible. names of persons now holding those jobs and their home states. The states In which some of the Jobs are located also would b« listed. Court Steps In, Girl Gets Shots MEMPHIS (IF) _ A 5-year-old girl was undergoing stepped-up anti-rabies treatment yesterday despite her parents' belief that prayer had healed the mad dog bite on her face. Linda Carole Smith was mnde a ward of juvenile court yesterday and Judge Elizabeth McCain ordered her to a hospital for rabies Injections. Dr. s. L. Wadley said since the bite on Linda's cheek was six days old, he had decided she should be given two shots daily for three dnys then one a day until further notice. Normal treatment is one a day for 14 days. . WAIT'S GRtIN MOUNTAIN COUQH SYRUC Penny Marks Buck ISMAY. Mont. (AP) — Anybody mark a buck with a penny? A hunter shot a deer and In skinning it found a penny under the hide in a hind leg. He figures the coin was probably Inserted -when the buck was a fawn. W. 0. PENNY "Enlarged front and rear vision, new fender and hood contours and a fresh grille treatment enhances the rugged beauty of the new 1953 Chevrolet," W. o. Penney, lales- man at Sullivan-Nelson Chevrolet Co., says. You'll He the all new Chevrolet on display Friday, January 9th, at Sullivan-Nelson. (Adv.) WITH RWIIHT A STEil-UKt COATING THAT BEAUTIFIES . INSULATES AND PROTECTS \crs ABOUT RE*NU*IT Q WhotbhT • A Volerproof finisri side woll r«urfocer. | f Q. What do«i it di? *• ?J?? W V ny !utf °" bv rw»ing on""* STEEl LIKE COATING .no) BEAUTIFIES.... INSUIATES ... P«5 TfcCTS ond enhances llie appearance orvd VALUE / of your home. r • ' • ' ' ' Q' Wliot does If wnloln? ••• . •" '. ' •*• A cticrmcal base forrrmlalion that Tncorporolej *« ^: 0 oi?Tl 1 i' uclible P'<"M'i»« °"<) insulating mineroii . ASBESTOS and MICA, and I, manufocluredin accordance wilh our exclusive process. ' Q. How li It opplied? . A. RE.NU-IT I, applied by powerful pressure, ll is nol merely na.lcd on top o! your old sid« walls, but actually fused on and Ihus becomes port of Idem COATING 1 "' 19 '° " COIO)!|:UL TEXTURE FINISHED in 9 Beautiful Colors: TIIE SEO INDIAN IVORY TEAl HUE »ATUESHIP GRAY OCEAH GSFEN WISTERIA PINK STUCCO WHITE DESERT SUFF STONE GRAY NOT a Paint INSULATES ' FIRE-RETARDANT TERMITE-PROOF GUARANTEED KHilHT EASYTTERMST ARRANGED CAN BE APPLIED ON CLAPBOARD STUCCO CONCRETE CINDER BLOCK ASBESTOS SIDING WOOD SHINGLES FOR FREE ESTIMATES TELEPHONE NO. I APPLICATOR ADDRESS OR MAIL COUPON j G(Ml«mtn: I cm InTcrttletJ. Pl«i« lend m« fgll MT- j linilon on BI*NU*lr Nome ______ __ _ i , Superior Weather-Proofing Co. -O-»7.^.,. ^ Cit, 535 iNV). 6lh '• ACTFAST</ Ul our \ . .Reg. $45 SUITS 100% Wools Blues & Flannels Regular $25 SUITS Gabardine and Sharkskin Regular 22.50 TOPCOATS Made By Butler Tan or Brown WHITE SHIRTS REDUCED! Plain and French Cuff Styles Mad* by Van Heusen Regular $4 and $5 Values Your Choice 095 While They Last 100% Wool and Corduroy SPORT SHIRTS 10.95 Values 4 95 Fine Qualify, Highly Styled SPORT SHIRTS Values to 6.95 Nationally advertised Many Other Values In Our Storewide January Clearance! HUDSON CLEANER - CLOTHIER - TAILOR BlytheviHe, Arkansas Steele, Missouri

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