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Exemption changes for married persons under 1921 tax act
Washington December 12 1921 The article explains exemptions and deductions under the 1921 revenue act comparing to 1918 and 1920. It notes married taxpayers with net income under 51000 receive a 2500 exemption, up from 2000 in 1918, and dependent exemptions of 400 per dependent under 18 or unable to self support with mentally or physically defective. It discusses head of family exemptions and tax rates, surtax brackets, filing requirements and payment options.
MENTIONED IN THIS ARTICLE
Washington, D. C
Bureau of Internal Revenue
Commissioner of Internal Revenue
David H. Blair
United States