Farmers Benefit From 1954 Tax Law Changes
The 1954 federal income tax changes favor farmers with 25 percent deductibility of conservation expenses, carryovers, and new depreciation rules. Provisions allow deducting soil and water conservation costs, depreciation flexibility, and a rollover of losses over eight years. A dependent child under 19 or a student may qualify as a dependent even if earnings exceed 600 dollars, boosting farm family tax positions.
MENTIONED IN THIS ARTICLE
Congress
New tariffs reduce city rates under tentative plan
Twenty years ago notes from January 34 1935 report Corry Water Company filing with Public Service Commission for an overall five percent cut in local rates, with some customers seeing about ten percent. Informal talks continue between City Council and Pennsylvania Electric over street lighting rates as contract renewal nears May. John Sheehan resigns to join Wallace and Nichols, Plymouth and Chrysler distributors. Lions Club Erie plans second annual ice carnival. youth hockey team prospects rise after strong turnout at Waterworks Park practice. City officials anticipate quick approval of RWD graveling program expected to provide work over weeks. Merle Blanset 10 and mother 32 drown after ice breaks at Carthage.
MENTIONED IN THIS ARTICLE
Public Service Commission
Corry Water Company
Pennsylvania Electric Company
Lions Club of Erie
Waterworks Park
Erie
Howard Sheen
Melvin Cobbett
Firemen Injured In Wiltale Road Crash Returns From Chimney Fire
Two volunteer firemen were injured when their car skidded off Wiltale Road and landed bottom-side-up in a creek bed about 20 feet below on Friday night. Paul Dudgeon, 92, driver, is in critical condition with a severe head injury. Donald E Gustafson, 26, is reported in good condition after being thrown from the vehicle. The accident occurred while returning to the fire hall from a chimney fire near Francis Anderson’s Wiltsie Road home. rescuers lifted the overturned car and pulled the driver free as Gustafson crawled from the creek. The car traveled west on a left curve, missed the bridge guard rail, and landed in shallow water.
MENTIONED IN THIS ARTICLE
Frewsburg
Wiltale Road
Priday
Mmyrton
Paul Dudgeon
Donald E Gustafson
Dudgeon
Gustafson
Francis Anderson
Wiltsie
How Smart Are You Quiz and Tax Filing Tips
A quiz asking seven current events questions covers Eisenhower atomic power, groundhog weather, underage marriage, West German Communist strength, the Free State nickname, auto versus pedestrian deaths, and a “wetback” term. The passage then explains simplified tax options for farmers and taxpayers, detailing final return dates and combinations of declarations with returns for 1956.
MENTIONED IN THIS ARTICLE
Communist Party
West Germany
Free State
California
Louisiana
Maryland
Massachusetts
Texas
Mexico
Also Mentioned on This Page
Corry
John Sheehan
Powell Motor Company
Kendall
Wallace and Nichols
Plymouth
Chrysler
Carthage
Merle Blanset
Earle Blanset
VanCise
Skylon
Blue Swan
Chapin
Brassieres
F. C. Chapin & Son
Frank E. Graft Insurance Agency
Center St
Dodd
U.S
Center Street
Loblaw
Venina Wou Econ
Yu Renldenty
Fetervari
Birt
Chi
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