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Show INCOME TAX FACTS ' , ' ' -YOU 8HOULD KNOW Births, 'deaths, and marriages during dur-ing tho yoajf 1020 nffoct matdrlally in-como in-como tn returns for that year. MIIIIour of babies, woo .added to family olrclos, each of Whom brings an exemption of $200 In the parents' Incomo tnx return. Widows and widowers who lost thotr husbands or wives during tho yqar nro especially affected, "fhoy. are slnglo for tho purposes ot tha Income tax. law, nnd arc. granted T on.lv r an pxomptlon 'of ,b00, Un(e'ss the head of a family. . ,' Persons who were divorced or s'opa 1 raftjd by mutual nitrooment "during the. year atop must cousWqr: themselves as slnglo persons. ' . ' . Tho status, of tho taxpayer on Do-comber Do-comber 31, 1920, determines tho amount of tho exemptions. If on that day tho taxpayer was marrlod and living wth wife or husband, claim may bo mado for tho $2,000 oxomptlon If single, or married. and not living with wlfo or husband on December 31, tho pxomptlon Is only $1,000. ,, Persons who reached majority during dur-ing the year nnd whose earnings for that period amounted to $1,000 or moro, or $2,000 or more, according to their mnrltal status, must fllo a return and pay a lax on tholrvnot income in oxcoss of thoso amounts. To avoid ponalty, tho roturn must bo In tho hands of tho Colloctor of Internal ltovenua for tho district in which tho taxpayer lives, or has his principal placo of business, on or be-foro be-foro midnight of JIarcI) 1C, 1921. |