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New Tax Bill Benefits Ministers and Others
The new tax bill raises savings for individuals and businesses by about 1.4 billion dollars annually and extends key deductions. Ministers can deduct housing allowances, combat zone servicemen exemptions continue, police can deduct subsistence up to five dollars daily, and spouses under separation agreements may deduct payments from post enactment terms. The article notes travel salesmen will get a better deal next.
MENTIONED IN THIS ARTICLE
Thomas J. Foley
Washington
INS
Korea