Tuesday, April 15, 1975
University Daily Kansan
3
be bye has p.m. in the Crime recently renting about informations.
U.S. gives rebates
By BRENT ANDERSON Kansan Staff Reporter
Any person or family who paid income taxes to the federal government in 1974 will get a tax-rebate check in May or June, Pat Barnett, public affairs officer for the Wichita office of the Internal Revenue Service (IRS), said last week.
If a person paid under $100 in personal income taxes in 1974, he will receive all of those taxes back from the federal government in the form of a rebate check. he said.
For example, if a person paid $85 in personal income taxes, he will receive $85 from the federal government, which means he will have paid no federal income tax in 1974.
A married couple who file their federal income taxes together can get a rebate check up to $200, again depending on how much paid in taxes and what their income was.
IF A MARRED couple earned $3,000 in 1974, then they would have paid no income tax and therefore they won't get a tax rebate. If they earned $5,000, however, they will get $100 back of the $102 they paid in taxes.
Burnett said that people who hadn't yet filed their 1974 returns should go ahead and file their 1974 tax returns as if the new tax law hadn't been passed. He emphasized that tax-rule checks would be sent to the IRS so they could apply for the rewards in any way, he said.
Rebate checks will be sent out by the eight IRS regional offices directly to taxpayers according to when they filed their 1974 returns, he said. Checks should be sent out by the IRS in the middle of May, Burnett all the checks should be out by June 30.
Barnett said that the new tax reform law allowed a single person to receive a rebate of up to $200 if that person's income was $20,000. The rebate is reduced proportionately that salary level down to a $100 rebate for people earning $30,000 or more a year.
BARNETT SAID THERE wouldn't be any tax rebate unless a person had a tax liability, regardless of how much was withheld from his paycheck.
Bill Piggot, field director for the Social Security Administration office in Lawrence, said that one of the provisions in the new tax law would provide a $50 bonus to anyone who receives a social security benefit between March 1, 1975, and Aug. 31, 1975.
Piggot said a person would have had to apply for that social security benefit before March 1. This would prevent people who might qualify for social security benefits but haven't applied from rushing to apply just to get the $50 bonus.
Under the new law, Piggot said, the $50 bonus is a one-time benefit for 1975.
"UNLESS CONGRESS PASSES a new
law this bonus will be repeated
in future years."
The new law also allows people who receive benefits under the Railroad Retirement Act to receive the $50 bonus, Piggot said.
The $50 checks will be distributed separately from regular social security checks, Piggot said. As with tax-rebate checks, recipients don't have to make special application for the bonus. It will be provided automatically, he said.
Without considering tax rebates, taxes on 1975 income will in many cases be lower than the current rate.
The IRS will soon be sending out new income tax withholding schedules to employers so that the amount of income withheld by the IRS will stay in proportion to the lower income taxes established for 1975, Barnett said.
BARNETT ESTIMATED that the average wage earner would take home an additional 20 per cent of the federal income tax withholdings now taken in his check.
Another provision of the new federal tax law applies to 1975 personal income taxes. It allows each individual or family to claim a taxable amount for the taxpayer for each dependent.
Low-wage workers will receive special tax cuts when they file their 1975 income tax returns. In general, those workers will get a credit of 10 per cent of their wages. That 10 per cent can be deducted from their 1975 income.
These personal tax credits can be subtracted directly from a taxpasser's tax bill, insuring that middle-income families with low incomes will have lower taxes in 1975. Barrett, said.
UNDER THE NEW LAW, people who earn less than $8,000 each year and owe less in taxes than the amount of tax credit for in cash payment in a cash payment from the treasury.
People who buy homes before the end of the year can save money as long as they buy a previously unoccupied house that would serve as their principal residence. The house or trailer home must have been under construction by March 26, 1975. Barnett said.
The law provides for a 5 per cent tax credit up to $2,000. Barnett said.
This means that on a $30,000 house, the IRS would, in effect, pay the first $1,500, assuming the buyer has a tax liability of at least $1.500.
Small businesses stand to gain from provisions of the new tax law.
Harry Buchholz, director of KU's physical plant, said last week that although vandalism still existed at the University, it had declined from a high point during the years 1969-1973. During that period, he said, the university often coincided with student murders.
J. J. Wilson director of housing, said vandalism at the residence halls had shown a significant decline in the past year. Wilson co-edited students with the improvement.
However, Bohzholl said, "Vandalism is something that has happened over and over," he added.
In January 1974, Wilson estimated, vandalism took $45 from the fees paid by each resident to repair damages done to the house. The said the estimate was down to five dollars.
"It reflects tremendously on student attitude." he said.
Candialism in residence halls has been of concern to administrators in recent years.
the beginning of the "74-75 school year," $15 from each resident's fees set aside to pay for any damages to the residence halls. If there is no vandalism, students may vote to spend the money on improvements in the hall.
"We were trying to call to people's attention that if they ripped things off they
Vandalism at the University of Kansas in 2014, year, according to University officials.
One reason for the difference, Wilson was the implementation of vanilla dampening.
the ones who would suffer." Wilson said. "It's worked beautifully."
"uson and Buchholz agreed that it was difficult to determine what damage was a result of vandalism and what was a result of thoughtlessness.
"A lot of the damage is not intentional," she said, "but just the result of carelessness."
Vandalism drops in dormitories
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