Income Tax Primer Lesson on Casualty Loss Deductions
NEA Special Correspondent Richard A. Mulleris outlines, in the 1950 tax primer, how itemizers may deduct net losses from property destruction due to fires storms floods hurricanes or other casualties. The article covers calculating loss by fair market value before loss minus salvage value and insurance or damage awards, and notes supporting evidence like repair bills adjustor estimates and police or fire records.
MENTIONED IN THIS ARTICLE
Bureau
Deducting Medical and Dental Expenses for 1950 Deductions
The article explains itemizing medical and dental deductions for 1950, requiring expenses over 5 percent of adjusted gross income. It details what counts, how to calculate net expenses, subtract insurance receipts, and apply limits based on filing status, plus what cannot be deducted and examples of deductible miscellaneous expenses.
Tax tips and questions from a 1950s Q A column
The column covers deductions for travel expenses not claimed, alimony under court order, mortgage interest and real estate taxes on a cooperative, and fees for preparing tax returns. It also answers reader questions about deducting a lost diamond, claiming a dependent, and medical expenses paid for a child, with guidance on support and filing status.
Workers Vote To End Strike At Fairchild Aviation
Hagerstown February 3 Striking workers voted to end their five week walkout at Fairchild Aviation Division. They won removal of the merit system for wage increases and may receive 15 cents an hour if the Wage Stabilization Board approves. The strike idled about 5,200 workers, halting production of the C 119 Packets used by the Air Force in Korea.
MENTIONED IN THIS ARTICLE
Hagerstown
Fairchild Aviation Division
Fairchild
Wage Stabilization Board
Washington
Air Force
Korea
B. T. Michael
W. L. Sanders
Paikers
Court-ordered support payments deduction eligibility
The guidance states you may deduct only those payments if a court ordered them. Regular voluntary payments of $50 a month are not deductible unless a court specifically ordered the deduction. Seek a court order or consult a tax professional for exact rules.
Emmitsburg Couples Mark Seventeenth Anniversary
Emmitsburg residents note a seventeenth wedding anniversary. Mrs Meepers and Mr dancers are siblings. Mr and Mrs Maagan Hawkes and son previously lived in Harrisburg Pa and now reside at Mrs Hankly's Pitt s, Mr and Mrs Robert Burdner. Mrs Ray Vopper visited Monover Pa. Mrs Marshall Sanders and sister in law Mary Sanders moved to Lews Cooper house second floor. Miss Janette Taylor visited John Kelly Loretta Boyle and Frederick Memorial Hospital School of Nye Tne spent Thee a slaera.
MENTIONED IN THIS ARTICLE
Emittsburg Sb
Paul Keepers
Daut
Meepers
Maagan Hawkes
Harrisburg Pa
Hankly
Robert Burdner
Ray Vopper
Someopard
Monover
Marshall Sanders
Mary Sanders
Lews Cooper House
Gettysburrg Road
Jranette ‘Taylor
John Kelly
Loretta Boyle
Fredreick Memorial Hospital School of Nye Tne
Relief for Piles Use Peterson's Ointment Now
For forty years millions suffered with piles find relief with a cooling astringent formula. A user claims itching and smarting ease and sleep returns. Try Peterson's Ointment for 40 cents with a money back guarantee.
MENTIONED IN THIS ARTICLE
Peterson
Blessed Virgin of St Joseph's Guild Plans Monthly Meeting
The association will host its monthly meeting at the Upstate Assembly Hall with the Tetalon office and regular events to follow. A note mentions that Poething Monsdurtt renewed its contract with the Hollywood base ball club for another year.
MENTIONED IN THIS ARTICLE
Rie Sodality
Virgin
Hollyawogd Baseball Whib
Porsh’ Us
Hiss
World Day of Prayer service held at Waynesboro church
The Weemitsburg Protestant Church hosted a World Day of Prayer service on February 14 1981 led by Mrs Lewis Bell with assistance from Estelle Watkins Rhoda Gillelan and others. Organist Ruth Shuff performed while several members were noted as not part of the choir. Robert Sherwood won the Pullitzer Prize four times for plays and a biography.
MENTIONED IN THIS ARTICLE
Pr-In
Estelle Watkins
Rhoda Gillelan
Edmund Welker
David Martin
Helen Martin
Robt. Gillerist
Ruth Shuff
B P. Ogle
Geage Martin
Robert Sherwood
Also Mentioned on This Page
Cour Ce
Ieterant
By Richard A. Mulleris
NEA
Ambulance
Glass
Peimer
Park Avenue
Mt. Airy
William E Gue
Woodbine
Frances Jane Conaway
Gue
M. E Burman
Mt. Arry
Emmitsburg
Maryland
U. S
Maryland Chick Hatchery, Inc
West South St
Alr
Mr Bernard
Mae
Vera
Frederick TO
FIP
Psee Roba
Markie
Elysee
Boston
Wevver
FEY Pachminledtt
Peviedee
VCE
Columbus
Eau Ont
Blue Ridge
Focal Blue Ridge
Philco
Motorola
Melvin M. Engle
Ofice
N. Carroll Sr
Heatrola Furnace
GEO. S. Rodgcr & Son
Fifth & East Streets
Oldsmobile
Kaufman Garage Company, Inc
East
Patrick ST
Crass
Dalel
Vly - Corber
Bodeens
Fine Home and Investment
Boaljdlary
Sat Turer
Guerequal Aly
Basy
George M. Chapline
Chapline
Fhone
Gandern Drags
Bath
Race
Teor Tony Wine
Best Buy
Parlang
Tyne Im City
Couch
M. D. Harp Agency — Realtors
Vythian Castle Building
Wreanasiene
McCormick
Tam
Star’ Service
H. B. Duvall
Frederick, Md
Frederick
H. C. Summers Jefferson
Monrovia Supply CO
Monrovia
New Market
Farm Equipment Center
Thurmont
Mercer. Jones & Son Dickerson
Bucksystown
Hhchiye
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