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Changes in Deductions For 1965 Tax Returns
The article outlines revised rules for itemized deductions, personal losses, medical costs, charitable mileage, moving and travel expenses, and dividend exclusions. It notes new limits such as only deducting above a $100 loss, 5 cent per mile charity mileage, and a 2 percent dividend deduction beyond a $100 cap. It also mentions first seven illness days and 40 day rules for sick pay, and a new child care deduction under certain working conditions.
MENTIONED IN THIS ARTICLE
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