Salt Lake Telegram | 1941-02-15 | Page 16 | Your Income Tax

V YOUR INCOME TAX V Too Many Fail to Understand V I Conditions Allowing Credits Editors Editor's note This Is the sixth In a series series' of i f articles explaining changes In the federal Income tax law based on Information furnished by the U. U S. S bureau of Internal revenue V V V V V The domestic status of the taxpayer er r i Is j an n important fact factor r when he or she computes how much is s' s 9 owed d Uncle Sam under the new income tax law which has been extended to reach many more persons than before This is apparent in the matter of personal exemptions Too many taxpayers warns the bureau of Internal revenue do not understand who is head of a family famil or what is a dependent Many Overpay O Government Go Consequently they overpay the government by not claiming proper exemptions and credits Audits of returns may disclose some of these errors but not all which are laid to negligence or misunderstanding on n the part of the taxpayers The taxpayer should study carefully carefully care care- fully the instructions on the re re- re- re turns The regulations say that there shall be a personal exemption of 2000 for a married person or a ahead ahead ahead head of a family The latter need I not bo be a married person to claim such x Definitions Given Ghen V Head of a family say regulations Is a person who because of a al algal l legal gal or 01 moral obligation supports and maintains in one household a dependent individual or individuals connected to the taxpayer taxpayer-by rby blood marriage or adoption As such he or she is entitled to a personal exemption of 2000 A credit of is all allowed owed for each dependent A dependent Is one defined V as less than 18 years of age or who Is physically or mentally mentally mentally men men- tally defective and incapable of self support A more detailed explanation of head of a family and of a family will follow later