TAX
PLANNING
(The following article is are not counted in detemin
the last in a series of four ing the dependent’s gross in
articles on year-end tax plan- come,
ning prepared for this news- 2. Can I establish that I
paper by the Committee on have furnished over half the
Taxation of the Pennsylvania dependent’s support for the
Institute of Certified Public taxable year? With one excep-
Accountants.) tion, this test must be met.
, . . . . . The one exception applies if
Taking A Last Look the taxpayer contributing to-
At Your Exemptions ward the support of a relative
is one of several persons none
For a taxpayer to be en- 0 f whom individually contri
titled to an exemption for a buted over half of the support
dependent, the dependent must 0 f such individual. In order
meet the tests relating to in- for any taxpayer to be en
come, relationship and sup- titled to an exemption in this
port. A self-review by the tax- instance, the group of persons
payer, for this purpose, should together must provide more
include the following questions: than half the support of the
1, Will my dependent have dependent, and any person
less than $6OO gross income? intends to claim the ex-
Except for a dependent child emption must contribute over
under age 19 or one who is a en percent of the support of
full-time student, a dependent s . uc ' l individual. Further, at the
must meet the “less than $600” me filing the tax return,
test. For this particular pur- eac h other person in the con
pose, social security benefits tributmg group who contribut-
OLIVER 1650
Row Crop Tractor with
greater productivity—
• Greater power. High-torque gas, diesel or LP-gas
engines develop 66 pto observed hp— certified
toy Oliver !
• Ideal design. 3Vz tons of weight, distributed
ideally over long wheelbase produces greater
pull, less slip.
• New comfort. 3-position Tilt-o-scope steering
N column ... full hydraulic power steering... new
deluxe comfort seat. . . new easy-read gauges
including oil and amp.
• No-stop shifting. Hydra-Power Drive* cuts
speed steps up pull % on the go ... 12
forward speeds in ail.
• New efficiency. Battery-saving alternator stand
ard... new dry-type air cleaner keeps abrasives
out of engine better.
> Tailored to need. New'dual-speed pto* . * .
Hydra-lectric* implement control system . . .
choice of 3-pt. hitch of wide swinging drawbar.
[(Some Hi nowandsee the mast dynamict&tU* that
- -• in history. They're all new, and aH Olivet!
Charles j. McComsey & sons
Hickory Hill, Pa.
; K. G. HERSHEY FARMERSVILLE
& SON EQUIPMENT CO.
Manheim R. D. % Ephrata, Pa.
; . *5 SS*l * i S C>2 IV 5-S < s, 's 7< > Vl-* ,
-5 e.«>»
ed over ten percent of the de
pendent’s support must furnish
the person claiming the ex
emption with a declaration
that he will not claim such
individual as a dependent for
the year.
3. If my dependent is mar
ried, have I determined that
a joint return will not be filed
with his or her spouse? Filing
a joint return prohibits a de
pendency deduction even if the
taxpayer provided over half
the support of the married
person.
4. What constitutes support?
Expenditures for food, cloth
ing, shelter, education, medical
and dental caie, recreation
transportation and other neces
sities are' included in the term
“support”. If any of these
items (for example: shelter) is
furnished, rather than pur
chased, the fair market value
of that item is used in comput
ing the total amount of sup
port
Attention to the foregoing
items, before the year end.
provides an opportunity to
maximize' the tax benefits in
this area.
• Milk Hearings
(Continued from Page 1)
the new New York State law
on standardization of milk
The hearing will begin at
10 a m in the Conference
Room, Market Administrator’s
office, 205 East 42nd Street,
New York City.
MILES W. FRY & SON
Frysville, Ephrata R 3, Pa. 17522
Tel. 354-9558
Growers of:
HYBRID POPLARS a good tree.
PEHNGfFT CROWNVETCH - a faultless
slope coyer.
SEE ALL 31
where bold nz w ideas pay off for profit-minded farmers
Landis Bros.
Lancaster
Wilbur H. Graybill A. L. Herr & Bro.
Lititz, R, O. Z Quarryville
Chas. J, McComsey
& Sons
Hickory Hi'!, Pa.
Allen H. Matz
Denver
Lancaster Farming, Saturday, December 31, 1966
For the
Farm Wife and Family
Ladies, Have You Heard? .. „
By Dorii Thomas, Extension Home Economist
Some Tips For Choosing Handbags
When you shop for a handbag, check it
for good workmanship. Ask yourself how
convenient the bag is.
See that the opening is large enough and
convenient to use. Look at the lining. It
should be strong enough to withstand con
stant rubbing. The mountings and fittings
should be strong.
See if there are extra compartments
You may appreciate having them.
After you buy your handbag, give it
good care and it will stay new looking for
several seasons.
Worth Knowing Anytime
_ Remember to use the ventilating fan
in your kitchen when you’re
doing any top-of-the range
cooking A fry pan, the oven,
or almost any cooking utensil
generates odors and Some
moisture that the fan will re
move quickly. Turn on the fan
while you’re washing dishes
to remove moisture. A ventilat
ing fan will do a better job
if you turn it on while mois
ture is building up intsead of
trying to clear moisture out
of a room all at one time
COME IN NOW
AND INSPECT
* ALL 3 TYPES
OF NEW IDEA
I SPREADERS]
Choose the type you want, tha
size you need from 10 model*
• 70 to 180 bushels
• ground drive and PTO
• 2 and 4 wheel <
• penta treated sides and
• bottoms
• optional endgates for sloppy
* manure {
New Idea's full year ’
guarantee.
-abm mauiPMti wr
A. B. C. Groff, Inc.
New Holland
Longenecker -
Farm Supply ,
Rbeems 3'
Chet v Long
T :i-
DID YOU KNOW that for
every new food that hits the
market two more never see
your grocer’s shelf’ Only 500
of those you do see each year
survive until the next Why?
A United States Department
of Agriculture study of con
venience foods m four cities
in the United States shows
new pioducts often price them
selves off the market. Or the
competition is too keen and
distribution is poor.
Some Guidelines For
Appliance Servicing
To help you keep the cost of
servicing home appliances to
a minimum:
—Follow directions for use
and care of your new appli
ance.
—Carefully file important
records, such as bill of sale,
warranty, servicing contracts,
and the name and address of
Che serviceman.
—Keep receipts for service
charges for future reference.
Don’t Neglect ■
Your Eyes
Visit "Sour Bye Doctor
if you are in doubt.
Doctor’s
Prescriptions Filled
Adjustments, Repairs
DAVID’S
OPTICAL CO.
Always See Better
403 N. DUKE STREET
, i Lancaster
g-* t Dfioue 3&4-2767
9
THOMAS