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Tax Return Changes Highlight 1974 IRS Adjustments
The IRS under Commissioner Donald C Alexander keeps changes minimal for 1974. Mileage allowances rise to 15 cents per mile for the first 15,000 miles and 10 cents thereafter for business use, with seven cents for charitable medical travel. Schedule B returns to itemize dividend and interest income for amounts over 400 dollars. A new line adds unmarried head of household status eligibility details. The Presidential Election Campaign Fund box gains a No option, while a small change clarifies fund participation. Traveling daily allowance for unreimbursed business trips increases to 44 dollars.
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Washington
Donald C. Alexander
Internal Revenue Service
Alexander
IRS