OCR Text |
Show Tax Reli?f Available To Relirod Persons on Pensions 1 T;ix relief is iivailable to many reliveil persons in Hall, s.iid Ho- j land V. Wise, district director, Internal Kevciiuo Service, who I are living on a fixed pension or annuity. It is also available to older people who have incurred costly medical hills. For those on a pension, the benefit may he through the "re- t in ' 1 n 'til iiH'omo credit" provi!-.-I ol the l-'cder;i income ta. I laws. The.nc laws also allow per fins oci ;: in deduct loo',, ,; - their din;; and medical expen.Ms. On home sales, those 05 years ol a;ie may elect lo exclude fro mi their income part or all of the Hain from ti.e sale. Documents 501S and 5."X;9, which furnish more detailed information in-formation on this subject, may bo obtained by writing to the district director, Internal Revenue Reve-nue Service. |