The Waterbury Democrat., 1944-12-28

TAX EXEMPT INCOME - Do not include in income any wholly exempt item, such as mastering out pay, first $500 of active military pay, government contri- buttons to monthly family allow ances, pensions and disability com pensation to war veterans and their families, gifts, bequests, and social security benefits.
 EXEMPTIONS Each of the return forms has space for writ 1 ing the names of the persons for whom the taxpayer claims exemp- tions. He lists his own name first. Next. if married. he may list the name of his wife provided (a) they are making joint or combined re- turn which includes both their incomes or (b) she had no income and wah not the dependent of another In addition, he may list as dependents all close relatives who received more than half of their support from him during the year, provided the dependent did not have $500 or more income of his own during the year. (Note: The 1944 law changed the rules for claiming dependents. Principle changes permit exemption for dependent reltaive over 18, re- gardlesS of mental or physical condition, and prohibit an exemp- Son for a dependent who has $500 or more income or who is not re- lated to the taxpeyerD
 MORE THAN ONE RECEIPT persons who changed jobs in 1944 should have one Withholding Re- ceipt from each employer. All of the receipts must be filed together. However, if return is made on one of the receipts, only that one needs to be filled out but all other receipts nEst be attached to it.
 LOST RECEIPTS-Anyone who has los Withholding Receipt may ask his employer for a copy. However, if he is unable to re- place it. he is not permitted to make his return on receipt but must, instead use Form 194O.
 OLD- STYLE RECEIPTS = Dur ing most of 1914, an old-style of Withholding Receipt, entitled statement of Income Tax With held from Wages" was issued em- ployes upon leaving their jobs. Anyone having any old-style re- ceipts should attach them to his return along with all other With holding Receipts for 1914.
 WHERE TO GET FORM 1O4O- Copies of Form 104O with instruc- tionS will be mailed by collectors to all persons who filed Declara- tionS of Estimated Income Tax in December, 1943, and April, 1944. For the convenience of others who may need this form copies may be obtained at any collectors office, bank or post office, and from many employers.
 WHERE TO GET HELP - h. formation. and assistance, if need ed, can be obtained from Collector of Internal Revenue in any district or from any of his branch offices.
 BALANCE OF 1943 TAX-Sepa- rate bills will be sent out shortly after the first of the year to all taxpayers who postponed part of their 1943 tax. Payment is due on or before March 15.
 DECLARATION OF ESTIMATED
 INCOME TAX FOR I945
 Purpose-To provide basis for paying currently any income taxes owed in excess of the tax withheld from wages.
 Who Must File-A declaration must be filed on or about March 15, 1945, by every citizen or resi- dent of the United States who ex- poets to receive in 1945 (a) wages subject to withholding in excess of 5000 plus $500 for each surtax exemption except his own (ex- ample, $500 in case of a married couple with no dependents or a single person with one dependent): or (b) income from all other sources in excess of $10O, provided his total income is expected to amount to $500 or more.
 Method of Estimating-No spe- cial worksheets are provided for l945 Declaration. The same Form lO4O used in making returns may be used as guide to estimate tax.