Show t On fhe The Home Front Many Taxpayers Jolt 1 Because of Misunderstanding By James Marlow and 1 George V WASHINGTON Jan 10 UP Ma Maybe be youve you've heard somebody say Im glad I wont won't have to file filean filean fie an income tax return this this year That's all al taken care of ot now by bythe bythe bythe the employer Or OrI OrI OrI Or Or- I paid half my 1942 tax last March and June and ard then they forgave all bu but one fourth h of it so Ive I've Ive got some credit coming Both are wrong wong These Thee seem to be two of the most widespread misunderstand misunderstand- ings about the federal income tax t law Other taxpayers who may be In for tor a jolt are those who say ay I X wont won't owe much if i anything in March or the governments government's going gc- gc gD ing to owe ME money Heres Here's the te situation With Wit the exception of men and women overseas overseas overseas' or at sea everybody every ever every everybody body who had had money taken out of his pay in 1943 for federal federl income a and d victory taxes es or who owed a tax on 1942 income or who made as much as if single or 62 If i married marred in 1943 needs to file fie a final 1943 return by March 15 If 15 if only to apply for a refund I The Thc fact that your empl employer yer has to tell the internal revenue bureau how much he paid you and nd how much was wa taken out of your your pay for taxes tes doesn't excuse you yo from making a return So far as the revenuers know you may have had a lot of income from some other source The payments made last Marh Marhand March Marchand Marchand and June on the 19 1942 2 tax tx have been applied instead in the te average average taxpayers taxpayer's taxpayers taxpayer's tax tax- t- t payer payers payer's s case against the 1 1943 43 tax t. t Congress d decided to cancel 75 per percent percent percent cent or or ora a minimum of 50 of the individuals individual's 1942 or 1943 tax t which ever turned out to be lower and to collect the bigger ta tax in full That means that in the average case theres there's 25 per cent of the 1942 tax still to be paid paid half paid hal half of it this thi March Marc the other half halt next net year Before any refunds are made there arc are two items to be considered considered considered con con- One The One The hangover of that u un- un canceled amount of tax t. t Two Two The The first quarterly p payment payment pay pay- y- y ment of ot estimated 1944 tax tx also due March 15 from those thoe who arent aren't subject to the te pay roll rol deduction de de- ducton system and those tose who expect ex cx- e- e to have 1944 Income of 1944 more than 2700 if i single or for fora a married couple or expect to o have or more of income i In addition t to td regular wages or sala sala- ries rles re The delay Jn in congress of a new tax bill bi k kept pt the revenuers from sending out 1944 estimate forms fors along with the final 19 1943 3 return blanks but estimates and ad installments installments install install- ments ment still sti will wI be due March 15 from the groups mentioned above About refunds Those taxpayers ers er who actually will wl have refunds coming March 15 notably 15 notably men and women who entered the armed services in 1942 1942 and 1943 will 1943 will have to wait at least three or four months after aler that date before ge getting getting get get- ting their money It'll In take time timeto timeto tie to check their returns ret s and compare compare com corn pare them I. I with employers employers' state statements t e- e ments menta and their own ow 1942 returns and the pay payments nt they made mad |