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