Check Deductible Expenses Before Filling Out Return
James Associated Press MARLOW 4a Staff Witter Ito discusses tax deductions for 1959 returns. He explains the standard deduction of about 10 percent and the $4100 single or joint filers 500 separate limit, advising itemizing if deductible expenses exceed thresholds. He lists deductions for union dues, professional dues, alimony, employment agency fees, and business-related books, plus dividend credits and sick pay rules, noting complexity and forms 1040 1040A 1040W. He also notes exclusions for dividend income and pension rules, with cautions on mortgage interest and charitable contributions as deductible items.
MENTIONED IN THIS ARTICLE
Ito
David
Tax Deductions Guide For Medical Education And Donations
The text outlines deductible items under federal tax rules, including medical expenses, education costs, and charitable contributions. It explains limits such as 3 percent of adjusted gross income for medical expenses and 1 percent for medicines, with special rules for seniors, itemized deductions, and state taxes. It notes what cannot be deducted like federal taxes, certain fees, and nonessential purchases.
LA C Says Economy Could Hold But Faces Risks
A newspaper column notes the economy may not reach early-year forecasts yet could still post a strong 1960. Car output is high, steel at record pace, and highway construction remains near peak levels despite a slow in some sectors. Political wrangling is warned to erode consumer confidence.
MENTIONED IN THIS ARTICLE
U.S
A. C
Undefined headline from partial OCR text
A fragmented OCR line mentions per month pricing and delivery terms but lacks clear names dates places or events. The readable fragment hints at a service or subscription cost of 4.00 and 0.24.00 totals with delivery reference, but no coherent subject or outcome is evident.
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