Show 1 t j I Income Tax TaxI I t I 0 to i a Red Reduction of or the Income tax 11 effected d by the ro rue r rue act of 1924 1 24 A rate rut i how how- however however ever was as w 3 not the omy ony benefit afforded by this legislation In- In In e e In the exemption for mar mar- married ried l persons and head of er fam fam- fani- fani families illes a a 25 per cent on corned Income and aid other are ar o of Immediate Inter Interest est to every er A As an n old aid therefore In the Iho th preparation ot of income tax returns for tor tn tao tir year yer 1924 the bureau of ot re i-ct- rev rev-enu has hns prepared a 0 series of or or- or r tides on 00 the now new ac act and too tto regula regulations lions go governing lix II- ll adminis- adminis administration o of which tIll I Is the first The salaried man way wf earner carner professional and n it In an-In an intact fact e ery e ery class cla s of o tax wiit u-wiit ci u will Iloe be fully ully Informed of oC heir reo re- re requirement and c et To Tax Tax- Tax Taxpayers payers are advised ad to these theeo articles as 8 a a guide guld in the making o of their returns Returns are arc required of ot etry ellry e tingle Ingle person whose hoso net not Income I fat foi 13 4 was all 1 6 more mor or gross Income teas nis lor or more and D of e ci c mor married ms 1 person 11 ll In with husband or orI I ICe whose net nel Income O u 2 U OR more 0 01 oc whose hose ros g-ros gro u income a was 5 or more or Dr married person persons persona separated by mutual consent are arc classed as ingle persons d M per on Ih lining Ing- Ing together are arc I e to tofile file a return It if their gato net Income was 2600 2500 01 oi more or the tho aggregate gros Income was s 5 or more Husband nd and wife ICo wit 1 liing Ing to- to together to gether may Include the thc of each In a singly single joint or each may file tile separate returns Rho showing Ing the th Income of t each hero hero a joint return Is flied filed the to toI I Is computed on he aggie aggie- aggie gat gate income and all nil deductions and credits to which either Is entitled Is taken laen from such ago ag- ag aggregate Income It J a wife ICe nit dan doe i not file Wo a n sep sep- sep s p rate Crate return or Join with her husband In a n return the Is i required to Include In his re- re return re return turn all income by the wife In ment of oC o waIte wages salary or om the sale ml of Dt of at ather her labor In n the tho th of ot mar mar- married ned ried persons persons must muot bo be included also the tho Income of oC dependent minor children It should he bo b I that thata i a husband and wife wita lying iving to- to together to together gether nod need make mak no reum un- un unless un unless less their their ate elrate net Del Income for 1924 wa a wai 2500 2600 or more or orthe orthe orth I the tte gross gro 3 income was or 01 more Last Lat ear eor were ere required of qu tuch wen h married persons whose hose net riot in- in income com In-com come was as 2 or mOte more |