Evening star., 1952-02-01

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lon the top half Of the page: Con-
tributionS, interest, taxes, losses
from natural causes and theft,
medical and dental expenses, and
miscellaneous. &
Is Per Cent Contribution Limit.
Contributions
You may not deduct more than
rs per cen for contributions. With
lin that limit you may deduct for
contributions to non-proflt organ
izations operated for charitable,
religious, scientific or literary pur-
poses. Examples:
Community Chest, Red Cross,
Salvation Army. tuberculosis, heart
and cancer societies; societies for
the prevention of cruelty to chill
|dren and animals, USO, American
Legion and other veterans outfits.
Interest
You may deduct for interest you
paid on installment purchases, on
borrowed money or personal notes.
on life insurance loans and on the
mortgage on your home.
Taxes
You may deduct for State in
come and personal property and
real estate taxes except those
which, like paving assessments,
tend to increase the value OF your
property; school taxes; auto lie
|cense plates and drivers licenses
(but not auto inspection fees):
State poll taxes; State unemploy-
Ement taxes, and State or local
retail taxes (like gasoline), If
under the laws of your State they
are imposed directly on the con-
sumner or If they are imposed on
the retailer Cor wholesaler in the
case Of gasoline taxes) and the
amount of tax is separately stated
by the retailer to the consumer.
Can't Deduct u. S. Taxes.
But you may NOT deduct for
Federal income taxes, Federal So
lcial security taxes which you pay
for yourself or a domestic employe
(if you're an employer) or which
are withheld from your pay if
you're an employe.
You may NOT deduct. as q
personal expenseS taxes for tickets
to theaters,, ball games, movies.
might clubs. You cannot deduct
lgift, inheritance or estate taxes,
Federal excise or luxury taxes,
such as on iewelry, furs, cosmetics,
lpocketbooks; Federal taxes on to-
bacco and liquor; Federal taxes on
gasoline, oil, tires; Federal taxes
lon radios and refrigerators; taxes
on personal telephone calls, or
taxes on travel fares. such as
trains, ships, planes, buses.
.Losses-You may deduct for
damage to your home or other
property by fire, hurricane, flood,
lightning, storm, freezing. explo-
sion; damage to your car in an
accident if you were not willfully
at fault you'd be willfully at
fault if you were driving while
drunk. And you may deduct for
property loss through theft.
Medical Expense Change.
Medical and dental expenses
Until this year, no taxpayer
could deduct for medical or den
tai expenses, except for that part
which exceeded 5 per cent of his
income. The law has been
changed a bit. but only for some
people.
Now If a taxpayer or his wife
lis 65 or over-meanil1g he could
be IS and his wife IS, or she
could be SO and he 65-he may
deduct their medical expenses In
full. Deductions for their depend
ents remain the same as for other
people. (For fuller details on
medical expenses, see Page IA of
the 16-page pamphlet-"How to
Prepare Your U. S. Income Tax
lReturn"-which the Government
furnishes free for every one item
tizing on Form 1040)
Explanatory Pamphlet.
For a detailed explanation of
medical expenses and,limits on the
total that can be claimed, see page
IA of the 16-page pamphlet-"How
to Prepare Your U. S. Income Tax
Return"-which the Government
furnished free for every one item
izing on Form 1040.
Deductions for dependents of
people IS remain the same as for
dependents of people under 65.
That is, they start deducting only
that part Of the medical bill which
exceeds 5 per cent Of their income.
Miscellaneous
You can deduct for dues to pro-
fessional societies and for union
dues: for fees paid for help in
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