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Show F 1990 TAXES Feb. 15, 1991 Hcp Times Earned income credit may reduce taxes living with you for more than six months of the year or full year for a foster child or dependent of a qualifying widow(er). O Your filing status on your federal tax return must be one of the following: married filing jointly, qualifying widow(er) with dependent child, or head of household. There are specific requirements for each filing status. D You must live in the United You may be able to reduce your taxes if you have a child and your earned income is less than $20,264. The credit may be as much as $953, depending on your earned income. You must file a tax return on Form 1040 or Form 1040 A to receive the credit, and if you don't owe any tax, you probably will be sent a refund. The qualifications to claim the earned income credit are: You must have a qualifying child States. B Both your earned income and during the year. Earned income in- your adjusted gross income must be cludes wages, salaries, tips, other em- below $20,264. ployee compensation, net earnings You may not take the foreign infrom self employment and union strike come credit. benefits. It also includes anything of Q Your return must be for a value money, goods or services that period. If you think you w ill you get from your employer for servcredit ices you performed, whether or not it be eligible for the earned income to choose in 1991, you may get the is taxable. credit in advance. The credit will be adExamples include quarters and sub- ded regularly to your pay. sistence allowances received by miliFurther information on the earned tary personnel or the rental value of a income credit, including eligibility reparsonage provided to a member of the clergy. quirements, filing status requirements Earned income does not include in- and the definition of a qualifying child, terest, dividends, welfare benefits, is in Publication 17, Your Federal Inveterans' benefits, pensions or annui- come Tax. For a free copy of the pubIf ties, alimony, Social Security pay- lication, call ments, workers' compensation, you need additional help with the unemployment benefits, taxable earned income credit, call or visit your local IRS office. scholarships or fellowships. Q You must have earned income -- 12-mon- th toll-fre- e TAX TIPS Home office must meet criteria employed person, using a home office must be doing so for the "convenience of the employer." Expenses for a home office that is merely helpful to the employee or employer cannot be deducted. For other qualifications for home office expense deductions, order free IRS Publication 587, Business Use of Your Home, by calling Home office expenses must meet certain requirements to be deductible. A major requirement for a home office expense deduction is "exclusive and regular" use of a portion of the home for a trade or business. For example, an insurance agent who uses a room most days to meet clients, do paperwork and correspond with clients uses the room regularly. However, if he or she uses the room to relax on weekends or to work on personal finances, the exclusive-us- e requirement has not been met. In addition, an employee, as opposed to a self-- AX-FOR- M Combat pay exempt from fax Combat pay that is considered tax-fre-e by the IRS will also not be taxed by Utah, Governor Norman H. Bangerter said Feb. 8. Because Utah's tax system is tied to the federal tax system, combat pay that is exempt from federal income tax will also be exempt from Utah state income tax, the governor said. Utahns in military service or in a civilian support capacity in the combat zone will not have to file their state income tax returns until at least 180 days after they depart from the Persian Gulf or are discharged from a hospital, he said. This extension coincides with the extension from the IRS and means that the Utah state tax return will be due on the same day as the federal return. WO VOURUff 13 Ujindouu UJeldcr D GOVERNMENT EMPLOYEE DISCOUNT COUPON ID $ D 00opp mt MOBIU StRVIClWI o o (Expires 0GDEN (Deductible discount not alllowed by some Insurance Companies) LAYT0N 394-922- 2 FREE MOBILE SERVICE 546-088- BRIGHAM CITY 723-120- 0 TREM0NT0N 257-602- 0 0 DENTAL CENTER LOGAN 753-309- 0 DR. CLIVE C. 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