Who Has To Do What About His Income Tax
Ninth of 32 stories on income tax filing for 1938. Explains exemptions worth 600 dollars each and who can claim them. Covers Self and spouse rules, dependents, and when a dependent’s income disqualifies them. Notes: a wife with income cannot be claimed as a dependent. a dependent with over 500 income cannot be claimed. Mentions separate filing thresholds and need to report dependent income.
MENTIONED IN THIS ARTICLE
Washington
DFC For Paratroop Hero Dent and Dependents Rules
A wartime tax note outlines exemptions for a paratroop hero and dependents. It details $600 standard exemptions for a wife, with extra $600 if she is blind or aged 65 on or before December 31, 1943, and $600 for a dependent with no extras. It lists close relatives eligible as dependents, including children, grandchildren, siblings, parents, grandparents, aunts, uncles, and in-laws, with conditions for full-year or partial-year eligibility for children born in 1948.
Tax exemptions allow dependents including unborn and born-dead
The text explains claiming exemptions for dependents whether born alive or unborn and notes that in 1943 even a dependent who died mid-year can qualify. It outlines not needing arithmetic with $600 exemptions on Form 1040A or 1040 short form, as tax tables handle it. For the long form, subtract exemptions from income before taxing the remainder. Say you saw it in The News.
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