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Newspaper
Lawton Constitution
Location
Lawton, Oklahoma, United States of America
Date
Sep 15, 1976
Page
10
Washington AP reports a broad bill to aid elderly Americans with modest incomes through a new $375 single and $563 couple tax credit, simpler calculations, and retroactive to 1976. It also boosts home sale relief for seniors, raising the tax-free gain to $35,000, and tightens capital gains rules to encourage investment and allow larger net losses against other income.
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