Iron County Record | 1965-03-18 | Page 10 | Tax Benefits for Older Citizens Explained in Booklet

V J , . ) : J t , V: DR. FRANK H. PETTY Tax Benefits For Older Citizens Explained in Booklet I According to Roland V. Wise, district director for Utah, a free I guide to special tax benefits , available to persons 65 years of ago and over has just been issued is-sued by the Internal Revenue Service in cooperation with the President's Council on Aging. Mr. Wise said the publication, 'Tax Benefits for Older Ameri-i Ameri-i "ans," is especially important to the retired person living on a fixed pension or annuity. The 16-page 16-page booklet uses many examples exam-ples to make these provisions easily understood. The changes made by the 1964 tax law, affecting older taxpayers, taxpay-ers, are fully covered in the publication. pub-lication. For example, it explains how the new minimum standard deduction may reduce tax liability lia-bility for many taxpayers. It also shows how removal of the 1 per cent floor on medicine and drug expenses now makes all allowable medical expenses fully deductible for those 65 and over.