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Newspaper
Clare Sentinel
Location
Clare, Michigan, United States of America
Date
Jun 15, 1977
Page
6
The 5.9 percent cost of living rise will raise monthly benefits effective July 1 for retirees, disabled workers, and survivors. Average payments for retirement rise to 243, disability to 262, and survivors to 547 dollars. Checks are auto updated with no action needed by recipients.
IRS announces that starting in 1977 taxpayers aged 65 or older may exclude all gain from selling their home if adjusted sales price is 35 000 or less. The exclusion can be prorated above 35 000. Eligibility requires 65 before sale, ownership and use as principal residence for at least five years, and not previously used or limited to lifetime use.
The State Police will sell recovered property at public sale in Lansing on June 23, 1977 at 8 30 a m under Act No 203 P A 1937. Items include motorcycle helmet snowmobile boots tape player six 8 track tapes gun cleaning kit and a Winchester 12 gauge pump shotgun. Cash payment required. Wildlife and fishing reports for Clare Isabella Bay Arenac and Gladwin Counties accompany the notice.
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