Evening star., 1926-02-15
FORM FOR INCOMES
UP TO $1,000 OUT
Blanks Released as Senate
and House Agree on Section
of Revenue Bill.

Wa shin gtonians will appreciate the
benefit OF new Federal tax reduction
within a few DAYS
Although the revenue bill is still in
the hands of Senate and House con
ferees at the Capitol, the Bureau OF
Internal Revenue has ordered collect
ors of internal revenue throughout the
country to release to taxpayers, the
blanks for the largest group numeri-
rally-with incomes of $1,000 and
under.
Attached to these old blanks, similar
To that used last year, will he yellow
slips of paper on which will he printed
the revisions effected in the income
taxes of this class of taxpayers by the
revenue bill now in the hands of the
conferees. Taxes and returns will he
due on or before March Is.
At the local tax office, / i22 Pennsyl-
vania avenue, Deputy Collector Powell
estimated that the blanks are expected
tomorrow morning, for this group.
No Change Expected.
The Bureau of Internal Revenue is
releasing these first blanks now, it
was explained. the same tax re-
ductions provided for this group of
taxpayers have been agreed to by both
House and Senate, and no further
changes are likely in that section.
The blanks for persons reporting
incomes of $4,000 or less will be mailed
out to all taxpayers in Washington
as soon as possible from the office of
Collector Tate in Baltimore. This
ask will probably occupy few days
it was estimated. but the blanks will
probably be available at the office at
14o2 Pennsylvania avenue tomorrow.
according to expectations.
The blanks now released are known
as No. 1040A. instructions with re-
gard to releasing other larger forms
including 1910, which are used for
reporting net income of more than
s. 900 or net income, regardless of
amount. if derived from "A profession
or business. including farming. are
expected to follow within a short time
Changes Noted
The principal changes effected in
the tax for persons reporting $4,000
or less are in the normal rate. which
was reduced from per cent to IL,
per cent. and i'm the amount of ex-
emptions. These changes are notei
in the yellow slip which will he at
tached to the old blanks. and which
will read as follows:
THE accompanying individual in
come tax return, form 1oI0A. for the
wear 1928 was printed under the pro
visions of ii e revenue act of 1924
Special attention is directed to the
following changes in the instructions
on this form which must be COM
piled with in making Your return for
the calendar wear 1925.
Under the heading Liability for
Filing Return a single person hay
Ing net income of 81 500. instead of
81 900, or a married person having "A
net income of So, 500 instead of 81 500.
must file d return
Under the heading Personal Ex-
emptfons and Credits. single person
is allowed an exemption of ST 500 in
stead of 81 900. and a head of "A family
or married person is allowed an eXemp-
tion of $4,000 instead of 81 800. Where
head of family is married during
the taxable year the exemption shall
not exceed $4,000 instead of s2.5OO.
The tax on the income reported on
line IA on the face of the return must
be computed. at the. rate of, u. per
cent instead of per cent.
"AH other instructions printed on
form 1040A must be observed