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r Income Tax ';" Sr f: ••wPv^'f'v 3¥Sf > ... r* / ^ . - r._ Jj~ . Thursday. February 12, ^MSf THE WcHKMRT jTOWDOM ;-?| *» am* J. SMktr . ^ KwOw of tatenaai Revenue First District Of Illinois Deductible * * The question of "what's de- ^ j is of great interest f - '10 the taxpayer. A knowledge of allowable deductions will not ^ inly help the taxpayer file a ,; i torrect return, but also provide V ' :' the opportunity to reduce the J Jr. final tax liability. :* ' This article deals with (1) | Medical expenses, (2) Casualty losses (S) Personal and other Expenses, and (4) Automobile expenses. >" Medical and Dental Expenses ^ If a taxpayer or his spouse I r^tias attained the age of sixtyfive, the five per cent limitation • on the deduction of medical and Dental expenses no longer applies. The taxpayer is entitled to .. Jrteduct the entire amount of " tnedical and dental expenses incurred for himself and or his {spouse, subject, only to the maximum allowance, or $1,250 for •' tach exemption. It should be pointed out, however, that medi- ••*•. pal expenses incurred for the ""care of the taxpayer's, dependents are still limited, -to the excess of such expenditures over ive per cent of his adjusted • (gross income. Casualty Looses and Hiefts %• Losses? are allowed for property damaged or destroyed by natural .forces such as freezing, fire, •••: • *•- storms, floods, earthquakes, torinadoes or collision or some other .'type of casualty not caused by bthe willful negligence of the 'taxpayer. These losses may be .Neither on one's personal property . or on income-producing property like a building or a farm. "• The amount of loss is determined by the difference in the fair market value of the propiubject t° wear and tear. It must be determined in all cases that the lops was'not due to any willful negligencf on the part of the taxpayer and that the casualty was entirely beyond his control. The loss of property sustained through theft or burglary may be claimed if evidence is submitted, but misplacement or careless leaving of an article or negligence in watching something like a purse or suitcase does not qualify the loss as deductible. You may not claim a loss on someone else's property^ even though it was in your possession at the time of the casualty, and you may not deduct any damages paid for anotherindividual's property or person. .. Personal Expenses ' Each year after the, filing period, it is necessary for the director to recompute the tax liability of individuals who claim deductions which are not allowable because they are entirely personal, and as a result the taxpayer is required to pay interest as well as the additional tax because of their" disallowaince. A partial list of items which-you may not claim as expense is given for your study: 1. Funeral and burial expenses. 2. Cost of burial plot or vault. 3. Wages paid to servants, nursemaids and baby sitters, even though such expense is incurred because it is necessary for you to go to work. 4. - Carfare or train fare paid in going to and from work. 5. Expense of maintaining yonr automobile used in going to and from work, or for your personal, and family use. 6. Cost of your lunches or suppers while working, 7. Carrying charges on purchases. Only part of what you ierty just before the casualty and when - * are buying «0n the fair market value lmmed- P^,, ig interest ^hlch must be stated separate!^ to be de<- ductible liately after the casualty. How- . s .ever, the loss may not exceed the factual cost of the property in- , volved. Any insurance received f as reimbursement must be off - iset against the loss of the prop- , ; erty to determine the amount of Inet deduction. The amount may | never exceed the adjusted bas^ 3 of the property--that is, the cost less the depreciation allowed or allowable plus all betterments and improvements. Depreciation is allowed on business property and property held for the production of income. However, depreciation is not allowed on nonbusiness property not held for the production of income, although such property is also Given below is a "partial list of Items'which are deductible on a federal Income tax return by individuals elec; ting to item* ize their deductions: 1. Dues and assessments for professional or business organisations. .• 2. Professional magazines and journals. \ 3. Fees paid to an employment agency for obtaining a position for you, but not any expense you pay in seeking a position. 4. Bond premium you pay as a bonded employee. 5. Small tools which have a life of one year or less. (If you are required by your employer to furnish them.) 6. Safety deposit tyox fees, If the box is rented to protect Income producing securities. Automobile Expenses Automobile expense is deductible only when it is an ordinary and necessary business expense in the conduct of your duties for your employer. The mere fact that you perfer to use your personal automobile in going to a»d from work instead of the street car or bus does not change the fact that it is a personal expense and as such is not deductible for income tax purposes. But if you are required to use your car to carry out your duties for your employer, you may deduct that portion of the expense attributable to actual travel for business. The following automobile expenses are deductible if Incurred in the pursuit of a trade or business and must be prorated according . to the percentage of time used for business purposes: wiNTta pKiviMg Quiz IE ^ 'V 'lUsTMCR! A WAV TO ' COME TO A GRADUAL STOP ON ICY SURFACES WHEN BRAKING IS DANGEROUS? 2. SHOULD YOU ALWAYS PUT YOUR EMERGENCY MAKE ON AFTfftMRKIN6? V . . . . . 3• |F YOUR MOTOR DIES SUPDtMLY AFTER DRIVING A_ SNORT DISTANCE M COIR WUmR WHATISTHK RROMBLE CAUSE AMP ITS PRCVCNTIVC? t Yes. To brake gradually, press in clutch and shift to sreond gear releasing clutch slowly. Observe sane speeds on icy spots and reduce chances of skidding stops, advises The Chicago Motor Club. 7. Never. When emergency brake is engaged in a damp and slushy spot freezing temperatures may freeze brake and prevent later departure. Never use emergency brake when temperatures are below freezing. 3. A frozen fuel line will block fuel flow through a carburetor and the motor will die suddenly. Use alcohol or other preventives in gas tank every other time you fill the tanli» • - , • 1. Garage rent and parking fees. 2. Gasoline and oil. 3. Repairs and minor replacements. 4. Depreciation prorat#4 over the life of the car., > s 6.. Insurance. .• 6. License fees. 7. Minor equipment for car. 8. Washing and sitnohiafng. An itemized account of such expenses must be attached to the form. Since the burden of proof is on the taxpayer, it is Important that the taxpayer retain all his receipts so he can furnish them upon audit of his return. SPEEDY" fcy McHENRY GARAGE > dSBfxr THlpeto ANO j<l)P THAT CAR MA?":'* . .UtT HA* SatN seQMCED AT RICK MILLER S not later than March 2.^. • The parcel is one of the most valuable ever put together by CARE, and it contains a whole canned chicken, ,an assortment of canned meats, and sugary peanut oil, gutter, nuts, dried fruits, macaroons, chocolate and* pepper. The entire contents are kosher and are vitally needed to supplement Israel's strict austerity diet. The package weighs more than 15 pounds. Matzon, Uie unreayened bread traditionally used during Passover, is not included because Israel itself produces sufficient quantities. The price of $12 includes guaranteed delivery free of tax, duty or ration restrictions. Delivery is made' from CARE warehouses in Israel. Israel' Passover Package Available Every ypar at this time, CARE assembles a special / CARE food package for Israel. The occasion is Passover, which will begin on March 30. H»e CARE Passover package this year costs $12 and can be sent anywhere in Israel, duty-free, and will help the people of that country celebrate the holiday in a way not possible with their present limited rations. The CARE office in Chicago it 189 W. Madison street announced that it would begin accepting orders for this parcel throughout February, starring i --* immediately. To asstire delivery I The Boy crccuts of America in time for Passover, the CARE was incorporated in Washington, office must receive such orders' D. C. Feb. 8, 1910. BUTCH'S SAVE MONEY ON YOUR CAR Kegalar.. cheek.. Bps., and Maintenance fey ear expert*: Means lower oar costs fof yea! Wi Do Complete^ Motor Overhauling. 309 W. Elm Stmt : McHenry, lit Phon* 811 Residence 9I-R 24 Hour Towing The flea is protAbly the mo* important external pa raiit# which attack cats. Successful control depends on removing the fleas and eggs from the host cat and ®sinfecting the animal's quarters to prevent re-infeatatiee; « Churches of all faiths lifRiilidir about half the nation's 84,800 Boy Scout Troops, Cub Packs and Explorer Units./ 127,209 mothers alp' • as Den Mothers • in the Cifl> Scout program. O about 9 Unvsvel styles 9 Fines* cslsr rspri<>lH|S) 40 Wjrfe rant* ef prices Agatha Shop t!0 S. GREEN STREET McHENRY, ILL. VALENTINE GIFTS ^ SO I NOTICED. AlMD HCBC'S A NOTICE FOG HOU TO APPEAR IN TPAPFJC COURT NEXT MONOAV AND BRING >OUR PqCrfET EXCUSE IT, OFFICER - THEV 6Al0 TMEY'0 DO A 6000 JOB ON MY BRAKES" OiO YOU SEE IT STOP ON A 0»M6 WITH WILLYS-OVERLAND SALES-- Warm Welcome Ahead. 104 FRONT STREET PHONE 403 . . for gifts like these! Each one sure to compliment "his" good taste . • > as well as yours! If you're aiming at a man's heart . choose hi? Valentine fcrift here , and you can't miss!' Faultless Ties $1 to $2.50 £ naJBmuM wdcon&tkitU Ceptury Shirts $3.95 and $4.95 Orion Shirts Skipper Sport Shirts $4.50 to $7.95 Special Heart Boxes NOT YOUR ONE NORCROSS Swank Cuff Links Paris Belts and Tie Bars $1.80 to m * $1.50 to $10 Initial Handkerchiefs box of 3 $2^5 "DRUG tor bloui, pickled or linfii u Faultless 59c to $2.95 T Shirts 0 to $4.95 To bring oat and aatursl grain and besuty of say wood, use Satinlac. To avoil that heavy, "built-up" finish. --V- - - -r* --r . "STORE FOR MEN" STREET tPHONE 47 8 ajn. to 6 pJ>L --t FlMaya: 8 ajk to 9 pjn. C^>en Sundaiys: 9 ul 'tU 12 jive and redeem Gold Bond Stamps. Faultless Nobelt Pajamas $4.95 to $10 a OBO 111 S. VYCETAL'S . * Vr- -'•'i