Show YOUR INCOME TAX j Lowering of Liability Assures j More Payments for 1 1941 Editors Editor's note This Is the twelfth In a series of articles on the new federal Income tax law based on information furnished by the U. U S. S bureau of Internal revenue Many more of the state and its political subdivisions will wUl have to make returns this year because because because be be- cause of lowering liability to make a return from 2500 to 2000 for married persons or heads beads of families lies and from 1000 to for I single persons O Officers and of states and political subdivisions must Include in include In- In clude dude as gross income compensation compensation tion received as such officers or Such taxpayers are arc entitled to the same deductions and credits as o others thus Dues paid by teachers to 10 professional professional professional I societies the price of their A subscriptions to educational journals journals journals jour jour- nals connected with their profession profession profession sion and traveling expenses in incurred incurred in- in incurred In attending teachers' teachers conventions conventions conventions con con- if no reimbursement is received for such expenses are deductible deductible deductible de de- de- de from compensation paid teachers in determining net in in- in come Records of such expenditures should be kept to substantiate the deductions claimed Campaign expenditures and contributions contributions contributions con con- made to political parties or organizations are not deductible Campaign contributions received by a candidate for public office are gifts gilts not income and need not be included In gross rosa income |