ref' »i K'urno *M* ■n ETTER FEED ARLY BIRD Optimum Will Customer reports: * "My flock (slats and floor) still laying 80% in 9th month of production. (Started on our #3Ol now on the new #306) Monthly feed conversion ranges from 3.24 - 3.88 lbs. per dozen." * "Chickens (floor operation) come from zero production at 21 weeks to a peak of 92% at beginning of 27th week. Our hatchery is amazed at the good early egg size." * "Hatcherymon soys # it's terrific'." * Names on request For further information on the new Early Bird Optimum irformance Line, ask your Early Bird representative or coH \\\tll//y PAYS BIGGER Now Try The Performance Line Get them up there quicker. 2. Keep them up there longer. 3. Bring them down slower. "FINEST SERVICE ANYWHERE" PROFITS Miller & Bushong, Inc. Rohrerstown, Pa. Ph. Lancaster 392-2145 (Area Code 717) Lancaster Farming, Saturday, November 27, 1965—5 TAX PLANNING Save Money By Paying Bills (Tin* follow Jnn uiticlc is tin* llrst in ii (series ol file articles on j car-end ta.v planning prepared tor this nowspiKpcr hy ,the Commit ti*e on TaMttion of the IVnusjl\anial Institute of Certified i*nbli,c Account- ants.) Ha\e your medical bills been hea"y in 19153'’ It might be beneficial to make a quick calculation to deter mine the amount deductible on jour 1963 indmdual in come ta\ return The income tax laws per mit a deduction for payment of medical expenses in excess of three percent of your ad justed gross income Pur chases of medicines and drugs, however, are “medical ex penses” only to the extent they exceed one percent of your adjusted gioss income For taxpayers o\er 65 jears of age the three percent and one percent limitations are wan ed. Your planning in this area should consider any reira buisement for medical ex penses you haie received or anticipate receiving Reim bursements applicable to med ical expenses paid during the year are properly offset against such expenses in ar riving at your medical ex pense deduction Reimburse ments attributable to medical expenses for which a deduc tion was allowed in a prior year are considered income in the year recened If you have not jet paid all your medical bills, jour jear end tax planning should con sider whether the payments should be acceleiated 01 de ferred To the extent vour payments can be “bunched” m one year, resulting m ex penses in excess of the limi tation, jou Mill hai e gained a medical deduction which may not otherwise ha\e been available A popular and legitimate means of reducing taxes is to alternate between jeans in us ing the standaid deduction, and itemizing the deductions. In the jear itemization will he used, payment of deduct ible items ovei the end of the jear will be accelerated bj paj'ing them in December. In the jeai the standard de duction will be used, payment of items due near the end of the jeai will be postponed until Januaiy This approach is atailab'e not only for med ical expenses but also any other deductions such as charitable contributions, in terest. etc For example, it jou hate a tavonte charity, perhaps you could give a double donation before the end of the jear for which j-ou intend to itemize j-our deductions and then skip the donation in the jear in which the standard deduction will be used Your planning should also consider any wages or pay ments receded under a wage continuation plan while ab sent from w'ork on account of sickness or injury If pay ments leceived during the first thutj dais ot absence are not more than 75 per cent of jour weekly wage i ate. thej may be excluded from jour gross income up to a maximum of $75 per week This exclusion, howev er does not apply for the (list week of absence unless \ou are hospitalized at least one day during jour absence. If >ou are absent fiom wort for more than thirty daj r s, phj'ments received applicable to the period beginning with the thirtj-first daj of ab sence maj be excluded up to $lOO a week legardless of whether thej exceed 75 per cent of j r our weekly wage i ate Xoiv is the time to review jour unpaid bills to deter mine whetliei, tor income tav purposes thev should he paid now or deferred until January of 196-G
Significant historical Pennsylvania newspapers