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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 3, 1961)
Medford Tribune SECTION . " MEDFORD, OREGON, FRIDAY, FEBRUARY 3, 1961 PAGES 1 to 8 i. . CwnuuMrrre, j e s cu vr e n. ' v. "s ' - !' 1 UMPquA ? f j f ! PROPOSED i! 1 PROPOSED NEW FOPEST aha raw mm';- A2EA flOM DESCHUTES TO FREMOWT FOREST . FROM SdAfAATW BEOTBNFREMONT NEW FOREST On April 1 524,744 acres of tne former Klamath Indian reservation forest lands will become na tional forest. In a series of meetings held in southern Ore gon this week by J. Herbert Stone, Portland, Pacific North west regional forester for the U.S. forest service, a proposal was announced to establish a new national forest consisting largely of these lands. The new national forest will mean a greater share of Rogue River national forest timber re ceipts for Jackson county, the regional forester said. The map shows the proposed boundary of the new national forest and the areas from other national forests which will be added to the former reservation lands to form the pro posed 900,000 acre forest. O LAUNDRY TO LEISURE... in minutes with ELECTRIC CLOTHES DRYER! Make wash-day into leisure-dav by putting an ELECTRIC CLOTHES DRYER In your laundry All you have to do Is put in your wet clothes turn a dial, flick a switch -- and walk away to pfeasanter things. Your taund'y comes out so soft, clean, and wrinkle-free that you often eliminate hours of ironing as well. For the best buys in electric clothes dryers - see the dealer displaying this emblem ... 7 p cayofetv Knowing Secret of Editor's note: This is the fourth of five disoatches on how to file your income tax without paying more than required to. Today's dispatch covers allowable deductions. Allowable Deductions Said Trimming Tax Payments By EDWARD COWAN Washington - (UPI) - The secret to trimming your fed eral income tax is knowing what deductions you can take. The government allows you to subtract from your income for tax purposes expendi tures of many kinds. There is no single formula covering what is deductible, although there are several general categories of deductible expenses. So, the best way to make sure you are claiming all the deductions you are allowed is to pay close attention to what is deductible and to review your I960 expenditures. (Some people keep a running account all year rather than risk for getting something at tax filing time.) List Everything One taxpayer in three takes itemized deductions. Two out of three elect to claim the standard deduction of 10 per cent of gross income. As a rule, the way to decide which is best for you is to figure out with a pencil and paper whether your itemized deduc tions would exceed 10 per cent of your income. Sit down with your records and checkbook stubs and list Two Injured In One Car Crashes Two men sustained appar ently minor injuries this week when cars they had been driving were involved in separate one-car collisions in Medford. One of the men was later arrested on a charge of drunk in public. Arrested was Victor Gra ham Gibbons, 46, of 5179 Cra ter Lake highway. Police said they found him intoxicated at the scene of an accident near the intersection of River side avc. and Manzanita St., about 9:30 p.m. Wednesday. Police said a car operated by Gibbons apparently went out of control and struck the rear of a parked car on River side ave. Gibbons was later treated at the Medford police station for cuts on his head and lip. Police also cited him for violation of the basic rule. Injured in another one-car accident was Clarence Joseph Campbell, 24, of 825 Posse lane. Police said Campbell sustained a small cut on his head when a car operated by him struck a steel light pole at a service station at 843 West Jackson st. Campbell told police he was blinded by the headlights from another car as he was turning into the station. The accident occurred about 7 p.m. Wednesday. No citations were issued. Police said' the entire front end of Campbell's car was damaged. Campbell was taken to Rogue Valley hospital where he was treated for the cut and released. Realtors Hear Aims of Group Chief aims of the Medford Board of Realtors in 1981 will be "to promote high stand ards of conduct and to pro tect the welfare of real estate and its uses," the president, H. O. Martin, said recently. He spoke at the January busi ness meeting of the board at the Jackson hotel. Martinstaled that the com munity should be informed that the board demands that all members conduct their business in accordance with the code of ethics of the Na tional Association of Real Es tate Boards. -ommiuoe cnairmen ap pointed were Chris Barker, membership and attendance; Don Hcrried, civic affairs, publicity and public relations: Bill Frohnmayer, legislative: and Bill Pelser, grievance. A committee also will be ap pointed to screen all bills to come before the legislature. The retiring president, Frohnmayer, gave a report on Oregon's new trust deed law which should make more loan money available if it passes, he said. Forest Personnel Attend Course Two Rogue River National forest men were in Seattle, Wash., last week (o attend a course in safety conducted by the U. S. bureau of labor. They were Doug Baker, Prospect district ranger, and Doug Finch, assistant fire con trol officer for the forest. The course covered all phases of accident prevention Representatives of govern- mcnt agencies from Oregon, Wastngton, Montana, Idaho and Alaska attended. everything you believe tax deductible. (We'll discuss what is deductible in a few paragraphs.) Then put the list away for a few days - out of sight but not out f mind. See if you recall any other deductible expenditures you had. When you have jolted down all the individual deductions you can think of, total them up and see if (he sum exceeds 10 per cent of your income. If it does not, you probably would be wiser to take the standard deduction of 10 per cent. Otherwise, itemize your deductions. If you itemize, you must use Form 1040 or Form 1040A, the punch card popu larly called the "short form." There is a $1,000 limit on standard deductions. In filing a joint return you can deduct the eligible ex penses of both husband and wife. You may not include expenses of your dependents which they paid out of their own funds. What is Deductible? Biggest source of deductions for most families are interest on home mortgages and medi cal payments. Interest payments: All kinds are deductible. To compute installment purchase carrying charges, a kind of interest, follow this formula: Take the amounts you owed on the time purchase at the beginning of each month last year; add these amounts, divide by 12 and take 6 per cent of that figure. That is your deduction provided it docs not exceed the total carrying charge for the year. Medical expenses: If you were under 65 at the end of 1960 you may deduct medical and dental expenses which exceed 3 per cent of your in come. If either you or your wife was 65 or over before the end of the year, you may claim all medical expenses incurred by you both. Pursuant to a 1960 Act of Congress, you may also de duct - this year, for the first time - all medical expenses of your dependent parents who were 65 or over by the end of the year. In a joint return this applies to your wife's parents if they were your de pendents and 65 or older. For a dependent parent under 65 the 3 per cent rule applies. Medical Payments Deductible medical outlays include payments to physi cians, surgeons, dentists, op tometrists, qualified psycholo gists and Christian Science practitioners. Also deductible are ex penses for hospital bills, nurs ing, laboratory services. eye glasses, hearing aids, artificial limbs, ambulance charges and the cost of transportation to and from a doctor's office or hospital. Payments for drugs and medicines may be deducted if they exceed 1 per cent of your income. This includes drugs for persons of all ages. You also may deduct pay ments for hospital and medi cal care plans. But your medi cal expense deductions' must be reduced by reimburse ments you got from health In surance or similar sources during the year. Taxes: Most state and local taxes directly levied on you may be deducted. These in clude state income, real estate, personal property and state and local sales taxes. You may not deduct federal excise, social security or income taxes; hunting or dog license fees, water assessments or auto Inspection fees. Child Care: Costs are de ductible only if incurred while a mother was working or looking for a job or by men who are divorced, widow ers or legally separated. The child must have been under 12. ' If he or she is the tax payer's dependent he need not be a son or daughter. Also eligible is the cost of care for any other dependent physically or mentally unable to care for himself. In all circumstances a child care deduction may not ex ceed S6J0. You may not de duct payments to baby sitters you hired so you could go out socially. Contribution!: D e ductible if they go to religious, charit able, educational, scientific or literary organizations. How ever, the organizations must not be operated for personal profit, not carry on propa ganda nor engage in lobbying in Congress or other law making bodies. Political con tributions, whether to parties or individual candidates, may not be deducted. In general, a deduction for donations may not exceed 20 per cent of income. But it may go as high as 30 per cent if the extra 10 per cent covers donations to churches and certain tax-exempt organiza tions. Employee Expenses: If you incurred business expenses for your employer for which you wero not reimbursed, or only partly reimbursed, the net cost to you is deductible. To take this deduction you must do twq-ithings: (1) itemize all expenses you had, including those for which your employ er paid; (2) include his ad vances or reimbursements to you in your income. Education Expenses: You may deduct education ex penses incurred primarily to maintain or improve skills re quired in your present job, business or profession, or to meet requirements to keep your present position. The expense is not deductible if its primary purpose was to qual ify the taxpayer for a better job, higher salary or new type of wgrk or to fulfill his general educational aspir ations. Next: Payments and deduc tions on interest, dividends, sick pay and taxes. . 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