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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jan 31, 1994
Page
18
A practical alert urges homeowners to maintain a written inventory of furnishings with photos or videos, receipts, and serial numbers. Keep copies in multiple locations, and update regularly to aid insurance claims and tax deductions after a loss.
Washington AP reports the presidential election fund tax checkoff is tripled this year, allowing $3 per taxpayer or $6 per couple to be allocated to the campaign. Checking the box does not affect refunds or tax due, but last year fewer than 20 percent of taxpayers utilized it.
Three quarters of U S workers qualify for tax deductible IRAs and even non deductible accounts offer tax free interest until withdrawal. Eligibility hinges on pension coverage and income with limits for single and married filers. Contributions for 1993 can be made by April 15 with deductions on the current year return.
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