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Show Revenue Service offers tax tips Should you claim the Standard Stand-ard Deduction, or itemize your deductions? This is something each taxpayer has to decide for himself, says Roland V. Wise, District Director of the Internal Inter-nal Revenue Service for Utah. If a taxpayer is a homeowner paying interest and taxes, if he made unusually large contributions, contribu-tions, paid large medical expenses, ex-penses, or had a theft or other casualty loss, his tax will ordinarily ordi-narily be less if he itemizes deductions. However, if the total to-tal of his deductions, is less than either the 10 standard or the minimum standard deductions, de-ductions, then it will probably be better to take the standard deduction. Where married persons file separate returns both husband and wife must either itemize deductions or claim the same type standard deduction. A husband can't itemize while his wife takes the standard deduction. deduc-tion. The appropriate Tax Table, shown in the instructions, is used to determine the tax on incomes under $5,000 when either the 10 or minimum standard deduction is claimed. IRS Document No. 5107 furnishes fur-nishes more detailed information informa-tion on this subject and may be obtained by dropping a post card to the District Director, Internal Revenue Service, Salt Lake City, Utah, 84101. |