Newspapers / The Kings Mountain Herald … / Jan. 30, 1969, edition 1 / Page 10
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5 If Page 2 KINGS MOUNTAIN HERALD. KINGS MOUNTAIN. N. C. Thursday, January 30, J969 im suifn V exceed $1680. If ho earns over security benefits and the liberal- eluded in the $1680? $1680, it is possible for him to ization on how much a person: u oa I get at least part of the benefits, can earn and still get all the ^ $1680 figure on Just how much will bo payable to benefits, It is veny possible you earnings applies on y to income him depends on Hie amount of would get some social security earned from employment or self his total earnings and ho»w much benefits for the year. For exam- employment. Income from Invest- work he does - and whether he pie, if you were entitled to $140 a ments such as rentals, interest,: , ,,, works in all months of the year, month in benefits and earned stocks, etc. does not affect vour'» Tax forms will be ea.sy this year you could get as much as l>onefits. I the North larohna I State Unuiversity electronic re- ontitiemenl expires' 1, 1966, w<hen -the Post-Korean Tax Foniis Wfll Be Easiei This Yeai"»-™-. — -r-s Xrs ^ wmmmm mmmva a BMa m eligible for i'ducation and years after their sepaij||k TTmSmjv IDamavjI ^BAa trainirtbT benefits under the Pi^t' service to use their I or I aiiners using nocorci riogrdm Korean g.i bm. This third gen —— oration G.I. Bill iwas enacted tor jggg marks the 20th annlv^r. Th'ur or just some. Q—Did the Social Sk'curity A-! Q—1’*ti 68 years old and have $3,000, $9o0 in social security benefits: tnendments of 1967 make any onrolU\i for Medicare. My em- year. I cords programs. changes in the amount a person . . . . can earn and still get benefits? l*'^*’’ ***^^ . cut my earnings to $3,000 pioyer now informs me that I can work Q I understand that A Yes. Under the now law, a y^ar. Can i get anything 'enoficiary can collm all of the social s/H\iriIy? oenefits if his (’arnings do not A With the Increase in The North Carolina Heart As-1 l.soeiation rec'ommends that every' As one stulhscribing tobacco and will I can Tar Hetd resolve to see his physl- liog farmer put it, “The records earn $1680 and get all my social during 1969 for a checkup. don't lake any of the string out from security benefits.' But how about! , . ; . , thn T r . f / License plates for eight-cjl n- certainly make the figuring a the income I get from rental of dor cars cost $35.00 in Ontario, lot easier.” social a home I own? Is that income in-l Canada. obtain details of the electronic! veterans who served for at least j.j^j.y ^yf f^e founding of the reeords pi*ogram and sign up for'180 days consecutively in the f'nj.Qitna Htnirt Association 1969. One thing farmers like about the records .supplied them through' the program, according to Dr. R. C. TheVeteians Coinei Armed Forces, some olf was after Jan. 31, 1955. Nonh F'rifri] which 39 volunteers in 1949 the llejri Association has grown to an or , 1 ganlzation of close to lOo.Qio Since you were released from camlinians participatn? active duty .betwi'en Jan. 31, 1955,j f and June 1, 1966, your eligibility| .33 physician.s and 6 laymen .rjtt for VA education and training as-! in Pinehurst, North Caridina in sistance runs until May 31. 1974.^ 1949 to organize the Nortli i'arn. Veterans discharged since June lina Heart Association. EDITOR'S NOTE: Below are Wells, is a depreciation schedule, j authoritative answers by the Vet The schedule is prepared by thejerans Administration to some uf ‘00 mi Carolina’s gone Ford- It’s the Going Thing' Save on the most popular options computer wliieh prints out a com-1 the many current questions from plelp that can be attached to thei former servicemen and their fam- fetf.?; forfc'i. — ■ ilies. Further inforifiation on vet- Another valuable. monoy.saving --^ “^..-=*y figure the records can give thei farmer is an investment credit en- i trv to use as a claim against his I Q—^ receive a monthly corn- tax. “This is an Item that some I P^nsation check from the Vet- farmers seem to be unare oi ori^^’ans Administration. 1 have re- aro unwilling to take the lime: centIi> had a change of address. t(» figure, “Wells commented. “Yet, Should I report the change to the it can be a source of considerable VA or the Treasury Department? lax saving.*' ! BESSIE'S BEAUTY SHOP NOW OPEN ON WEDNESDAY I A Your change of address He explained investment credit [ should always be reported to the with this example. Farmer Brown :V‘A Regional Office where your bought a $1,000 grain bin in 1968. [ records are located. He is allow’ed to take a 7 per cent 1 investment^credit claim against! Q-^1 am interested in the new the cost of the bin if it has a use-, Modified Life plan of govern- ful life of eight years or more in | ment insurance I have been read- his business. This figure is $70. If| ing about. I now hold $10,000 of he owes $800 in Income taxes, he | government insurance. Where can use the investment credit to j can I get more specific informa- reduce this year’.5 tax payment to tion about the MoiiL'ied Life FEBRUARY SPECIALS— MONDAY ■ TUESDAY - WEDNESDAY BY OPERATORS FROST BY TIPPING $10.00 BRECK — HELENE CURTIS - $730. “Our records program figures this plan? REALISTIC AND RAYETTE PERMANENT WAVE SPECIALS A--Write to the Veterans Ad- NOW $12.50 for the farmer, “Wells emphasized. | ministration Regional Office “It's a very easy way to save mon-1 where your records are held or ey that might otherwise be paid! to the VA insurance office ( Phil- as ta.xes unnecessarily.’* j adelphia or St. Paul) where your Tlie electronic records progiam are paid Ask for a was begun by N. C. State to help : VA Pamphlet 29-22 whjch larmers meet the growing need:benefits ot this for adequate records. It costs sub- scribing farmers from $5 to $15 Q_i read recently that the a month, depending on the size Post-Korean G.I. Bill is two years of their operation. old. I got out of service in 1965 i after four years in the Army. Am 11 eligible for education and train- $17.50 WAVE $15.00 WAVE NOW $10.00 $10.00 WAVE NOW $ 7.50 The program is open to all com mercial farmers in North Carolina regardless of the size of the farm or the age of the farmer. “I think any farmer who plans to farm for the naxt five to 10 years can bene fit from being on the program. Economist Wells commented. ing benefits under this bill? If so, how long do I have before my BESSIE'S BEAUTY SHOP YORK ROAD PHONE 739-4162 MRS. NANETTE BOWEN—MRS. PATTY CLEMMER He emphaized the importance of getting on the program early in the ccalender year. "We wil be able to update 1967 depreciation shedules for the 1968 tax returns Clothing for those farmers who sign up in the next few weeks, “Wells .said. * Farmers may sign up any time during the year, but it will take a little more time to update the record later. Special package deal prices now on Fairlane 2-Door Hardtop with most popular options included: Vinyl roof • Dual racing mirrors • Racing stripe • Deluxe wheel covers • Whitewalls • Full carpeting. jsSsIr Fairlane 2-Door Hardtop Pbp-Option Sale in Ford Country The benefits of the records farm ers rocceive from the program will continue long after the tax forms have been completed. They receive monthly and annual net worth and profit and loss state ments as well as enterprise analy sis reports. These reports are used in making decisions throughout the year and in keeping the farm er informed about his business. FOR MEN, WOMEN, and CHILDREN B s Tm GO-*«S TK»4G t»OX 34S SOUTHWELL MOTOR CO., INC. KINGS MOUNTAIN. N. The value of good records can’t i be overemphasized,” Wells said i j Farmers are becoming increasing-1 I ly aware of these values, not just' ' at tax time but when they borrow: money, make decisions on major j purchases or want to know whtth- j er a particular enterprise is mak ing or losing money." ' This Clothing Is Unclaimed Dry Cleaning and Laundry, Some of Very Good Quality. 910 SHELBY ROAD I Extension agents in every coun ty in the state can help farmers 101 S. Carpenter St. Drastic Reductions Up To 70% QUANTITIES ARE LIMITED
The Kings Mountain Herald (Kings Mountain, N.C.)
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Jan. 30, 1969, edition 1
10
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