Save on Taxes May 1969 Interest Deduction Rules
Treasury reverses long standing cash basis deduction for prepaid interest. Prepaying more than 32 months ahead is not fully deductible in the year of payment. Calendar year taxpayers may deduct interest paid each year, with exceptions for points and case by case scrutiny of prepaid amounts. Final note explains mortgage points and deductions.
MENTIONED IN THIS ARTICLE
Treasury
Savings and Joan Association
Department of Housing and Urban Development
National Housing Act
The
Non-Catholics Oppose Aiding Church Schools
A Boston College survey shows that more than one fifth of non Catholics oppose any government aid to parochial schools. The report notes a slight plurality reject aid in general terms, yet favor aid when tied to local tax implications or specific purposes like health, education for the handicapped, and building needs. The hard core of opposition remains unmoved.
MENTIONED IN THIS ARTICLE
Boston
Boston College
New England Catholic Education Center
Pilot
Richard Cardinal Cushing
Nixon seen prepared to fight recession evidence grows
Budget Director Mayo told Congress the administration would not hesitate to reverse last September’s construction cuts if a recession emerges. He cited cooling economy and housing starts data while noting the January downturn and potential tax and spending implications.
MENTIONED IN THIS ARTICLE
Nixon
Washington
Robert P. Mayo
Congress
Mayo
Joint Economic Committee
Economic Committee
Huntley plans retirement from Huntley Brinkley Report
Helena AP reports Chet Huntley confirms retirement from NBC News after 13 to 14 years with the Huntley Brinkley Report. He will leave between May 15 and August 1 and plans a $19.5 million year around tourist resort near Yellowstone National Park.
MENTIONED IN THIS ARTICLE
Helena
Mont
Chet Huntley
National Broadcasting Co
David Brinkley
Also Mentioned on This Page
By Sylvia Porter
Research Institute of America
Johnny Jumper
Wilson
Pittsfield-Lenox Rd
New York Times News Service
Commerce Department
Huntley
the Eagle Daily
Mack
Mack’s
Jac My Drug Stores Prescription Service
North St
Pittsfield
Tyler Street
Brose
Times
Lisieux
Lyear
Ional Bank
Berkshire
Wahconah
Cor
Seymour St
Sammy Vincent
Magnavox
Wyen
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