New 1975 tax forms add credits and new rules
The 1975 federal and state tax returns introduce new items from the tax reduction act including earned income credits up to 400 dollars, a 5 percent residence tax credit with a 2000 dollar cap, personal exemption credits, and adjusted standard deductions. Filing rules change for survivors and low income, and itemizing may be favorable for many with specific income and deduction thresholds.
MENTIONED IN THIS ARTICLE
IRS
Iowa
Feder
Iowa Tax Changes Include Deductions and Credits
Iowa announces 1976 tax forms allow itemized deductions for state returns and unchanged $1,000 limits for single and married filing jointly, with $500 for married filing separately. A nonhighway fuel credit aids off road users, while school district surtaxes are omitted. Hopkins cautions on forms, schedules, and refunds, and offices in Marion Iowa City Cedar Rapids offer free tax assistance with hours and contact details.
MENTIONED IN THIS ARTICLE
Department of Revenue
Joel Hopkins
Iowa
Hopkins
Lawson
Iowa Department of Revenue
Eleventh Street
Marion
First National Bank
Iowa City
National Guard Armory
Internal Revenue Service
Cedar Rapids
Brenton Financial Center
First Avenue
Iowa tax rules and 1975 income thresholds summarized
The notice outlines 1975 federal and Iowa tax filing thresholds for individuals and couples, exemptions for Iowa residents, standard and itemized deductions, credits, and treatment of different income types. It details filing deadlines, mailing addresses, and conditions for seniors, dependents, and special cases, with tables of deductions and credits and notes on when income is taxable.
Traffic Light Aids Heart Victims Says UPI
Brussels based researchers led by Prof. Fred Kornreich unveil a traffic light coded electronic system to diagnose heart conditions. In tests on 4000 examined Americans the device achieved 94 percent accuracy versus 42 percent for traditional methods, with cost reportedly lower than standard cardiograph machines.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
UPI
Fred Kornreich
Brussels Free University
United States
Kornreich
Two Gold Rush Staircases Remain in Weaverville
In Weaverville California seven ornate spiral staircases once climbed from sidewalks to balcony fronts, a hallmark of the gold rush era. Now only two survive, marking a rare architectural relic from a bygone boom town.
MENTIONED IN THIS ARTICLE
Weaverville
Calif
California
Auto license deduction table for Iowa fees misformatted
The article explains how to compute the deductible amount for Iowa auto license fees on federal and state income tax returns. It provides a simple table using two factors: total fee paid and weight of the car to determine the deduction.
MENTIONED IN THIS ARTICLE
Iowa
How To Figure Car License Deduction Tax Facts
Taxpayers may deduct only the value-based portion of Iowa auto license fees on federal and state returns. A $36 fee with a 4000 pound auto yields $16 based on weight and $20 deductible. No deductions for pickup trucks or licenses like driver, hunting, or boat registrations. Only 1975 fees apply.
MENTIONED IN THIS ARTICLE
Iowa
Also Mentioned on This Page
Ries
Larry Lawson
Internal Revenue Service Office
Surtax
Census Bureau
E. Bannister Road
Kansas City
Dept. of Revenue
Lucas State Office
Des Moines
State of Iowa
Board of Regents
U.S
Insul-Sound
Wintertheater
Insul- Sound Inc
Insul-Sound Winterbeater
Insul-Sound, Inc
J St
Stor
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