Salt Lake Telegram | 1934-12-05 | Page 7 | Revenue Agent Given Tax Deduction Rules

REVENUE AGENT GIVEN TAX fAX DEDUCTION RULES Restrictions imposed by the rev reve- reve nue flue act of oC 1934 on deduction of contributions contributions con con- from income tax returns were called to the attention of Utah citizens and Ira N. N collector of internal revenue here Wednesday by internal revenue bureau of officials at Washington D. D C. C Contributions for religious charitable char char- scientific literary or educational educational org organizations can cart be deducted only when no part of the net earnings of the inures to lo lh the benefit benefit bene bene- fit of or any private shareholder or individual in individual and no part of the activities of which is Js carrying on propaganda or otherwise attempting to influence legislation Jot more than 15 per percent percent percent cent of the ta taxpayers taxpayer's total income can be deducted for tor such