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Show Revenue Service Lists Formula For Tax Deduction Internal Revenue Service this week released for the first time the guidlines it will use to determine de-termine whether the estimated amount you deduct for 1959 on your federal income tax return for Utah sales tax is reasonable and acceptable. Roland V. Wise, District Director Di-rector at Salt Lake City, said th IRS guideline for Utah Sales tax deductions is 1.5 per cent of adjusted gross income or $150., whichever is less. If an amount in excess of the above is claimed it must be substantiaed by properly prop-erly itemized statement of taxable tax-able purchases. ' This information, he said, is only for those who itemize their deductions instead of taking the standard deduction. "We believe the information will make it easier for such taxpayers tax-payers to fill out their returns as it relates to the sales tax deduction," de-duction," he said. He warned, however, that the law is specific in its requirements require-ments that taxpayers keep records rec-ords of their deductions, including includ-ing sales taxes, in case they may be called on to furnish proof for i any item appearing in their returns. re-turns. I |