OCR Text |
Show YOUR INCOME TAX - Many inquiries from newly u-ils as, to the amount of taxable income forj ithe year 19'JO are received by the Bureau Bu-reau of Internal Revenue. In many) leases both parties were employed up to the wedding date and the point on' l which advice Is sough' is whether the' J joint Income must be shown Therul-j Therul-j ing of the Hurea.i ot Internal Revenue Reve-nue is that if they were married on, or before December 31. 1920, a re-,' turn must be made or their combined! income if it equalled or exceeded 1000 Sep. trate returns or income of each 1 .1 return of their combined income, may be filed. If the net income of husband or wife exceeded ir-000, aepa-ratS aepa-ratS returns should be riled for the purpo8 of correctly computing the surtax which applies only to Income' In eaCCSl of that amount. The newly weds are entitled to i SJuuO exemption plus the additional I 1200 for each dependent under 18 years of age or who is Incapable of; self-support because mentally ori fphyslcaifc defective. This exemption i tii.iy be dnided in .my ptupi i ion in separate returns or husband and wire jlf riled that way. "And rememiier thai March IB, I Is the final date for riling re-i turns and pa inent or one-fourth of the amount ..f income tax due" is the admonition i the Bur. an or Internal' I-tevenue. OO The "ftrc-tree" of Australia is called so because Its flame-colored flowers make h look like a tree on 1 fire. |