26 Feb 1976
Page 1
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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Feb 26, 1976
Page
1
The 1975 tax cut package includes a $30 credit for each dependent to reduce tax liability. Taxpayers must claim it on Form 1040, regardless of itemizing, with one credit per dependent. A family of four could get $120. a single person $30. The credit reduces taxes owed, not refunds, and low income earners with no tax owed gain nothing.
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