Show INCOME TAX FACTS YOU SHOULD KNOW V Births deaths and marriages during during during dur dur- ing the year 1920 affects materially income tax returns for that year Millions pf babies were added to family circles each of whom brings an exemption of in the parents' parents income tax return Widows and widowers who lost their husbands or wives during the year a are arc e especially affected They are arc single for the purpose of income tax law and arc are granted only an exemption exemption exemption ex ex- emption of 1000 unless the head ox oxa or oi orI oia I a family Persons who were divorced or separated separated separated sep sep- by mutual agreement during the year also must con consider ider themselves themselves themselves them them- selves as single persons The status of the taxpayer on December December December Dec Dec- ember 31 1920 determines the amount amount amount a- a mount of the exemptions If on that day the taxpayer was married and liv living living living ing with wife or husband claim may maybe maybe maybe be made for the 2000 exemption If single ingle or married and not living with wife or husband on December 31 the exemption in only 1000 Persons who reached majority during during during dur dur- ing the year and whose earnings f jor or that period amounted t to 1000 or orI I more or 2000 or or more according to their martial status must file a are re return return re- re turn and pay on their net incomes in excess of these amounts To avoid penalty the return must be in the hands of the Collector of Internal R Revenue venue for th the district t ti which taxpayer lives or has his principal principal principal prin prin- cipal place of business on or before midnight of March 15 1921 |