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About Eugene register-guard. (Eugene, Or.) 1930-1983 | View Entire Issue (Jan. 24, 1963)
Pge 2B EUGENE REGISTER-GUARD, Thurt., Jan. 24, 1963 wMmmmwrntusmsmlflcOTTlQ TcLX PtivtXQX V" aims? Some Facts on Exemptions HQ ; EDITOR'S NOTE This is the fourth of eight article! in the Newspaper Enterprise Assn. Income Tax Primer, for readers who want more infor mation than is supplied in the official instructions, By RICHARD A. MULLENS and CHARLES W. SCHOENEMAN When you file your 1062 tax return, you can claim a $600 exemption for a person, though not related to you, (1) if you furnish over half the person's support for the year (2) if the person has less than $600 in come for the year, and (3) if the person makes his (or her) abode in your home the entire year as a household member. You, of course, receive an ex emption for members of your family, including grandchildren, step-relatives, nieces, nephews and in-laws, if you furnish over one-half support. An exemption is likewise available for any descendant of your uncle or aunt (first cousin) who received institutional care because of physical or mental disability and who way a mem ber of your household before re ceiving such care. . - -To measure "support," com pare amount of support re ceived from you with amount the individual receives from all other sources including what the person furnishes himself. Food, shelter, clothing and medical care are included. Fair market value is taken into ac- fULL $600 EXEMPTION CAN BE CLAIMED FOR PERSON NOT RELATED TO YOU, IF . . . You furnish the per son over half his tup port for rha year. He (or the) hat Ittl than $600 grott an nual income. If the pirton makes hit home with you the entirt year. count if furnished "in kind." The amount the person fur nishes himself includes Social Security benefits plus, of course, any income which would ordin arily be taxable. There Is a special provision for multiple support agree' ments. Scholarship grants to your child do not have to be taken into account in determining to tal support. The Internal Reve nue Service has recently ruled that amounts spent by a state in stitution for the mentally re tarded for room, board, tuition of a child will be treated as a scholarship grant. ' On the other hand, certain ex penses you do incur for your child may not be for support, such as premiums for life in surance policies with the chil dren as beneficiaries, and the cost of a car. Taxpayer gets $600 exemp tions, without regard to "sup port" (1) for himself, (2) for being over 65, and (3) by rea son "of blindness. There is an other exemption allowed for your spouse for her being over 65, or by reason of her blind ness. Spouse's exemptions are available to her (or. .him) on your joint return' or on your return if you file a separate re turn, if she (or he) has no gross income, and if she (or he) is not another taxpayer's depend ent. . Who May Claim Status? Q Who may claim the sta tus of "Head of Household" or "Surviving Spouse"? What are the advantages? A First, to be "Head of Household" you must be un married (including divorced or legally separated), and you must furnish over one-half of : the cost of maintaining a household for the entire year for at least one of your rela tives. If the relative is your father or mother, he or she must be your dependent, but can live in a domicile separ ate from yours. If the relative is your child, grandchild, or stepchild, he (or she) must be unmarried and must live Metals Firm Files Tax Suit SALEM Wl Harvey Alumi num Co., The Dalles, filed suit in Oregon Tax Court Wednesday asking relief from a State Tax Commission order increasing its valuation. Two county officials, Assessor C. A. Wood and Sheriff E. D. Mosier, joined Harvey in the appeal. . . . . i. .. . i. The Tax Commission has in creased valuations fixed by the assessor for four straight years. The new case involves this year's evaluation. ' At the same time, the com pany asked for an order to en join the commission and asses sor from making additions to the tax and assessment rolls of the county while the suit is pending. Tax Court Judge Peter Gun nar will hear arguments on this motion at 1:30 p.m. Monday. Contact Spacecraft MOSCOW (UPD Soviet scien tists had regular radio contact with their Mars-1 space station all through last week, the offi cial Tass News Agency said Wednesday. Tass said the Mars 1 is more than 25 million miles from Earth. with you but need. NOT be your dependent. Other relatives must live with you and MUST be your dependents. If you qualify, you can use a special tax rate schedule III which gives you half the benefits of a married person filing a joint return. Second, to be a "Surviving Spouse" your husband or wife must have died within the preceding two years, you must not have remarried, and you must have been eligible to file a joint return with him (or her), even though you may not have, in year of death. You MUST have a depend ent child (or stepchild) who lives with you, and you must furnish over half the cost of. maintaining your home. If you qualify, you get all the benefits of a joint return and can use tax rate schedule III. Note: You cannot claim you are "head of household" if you claim as "surviving spouse." Next: Employe deductions BOTH FOR Makes Into twin leti ilE)uRf HOLLYWOOD BED SET Twin innerspring mattress includes: Matching box springs. 25 00 30" METAL BUNK BEDS Complete with springs and mattresses 39 90 Good Salem Maple BUNK BEDS 2 Link springs 2 Mattresses Ladder Guard rail 69 90 BETTER 100 Hard Maple BUNK BEDS 2 Link springs 2 Mattresses Ladder Guard rail Makes Into twin Bel 89 90 VOLUME SALES . . . 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