Historical Newspapers of South Carolina

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The Newberry Sun, Newberry, S. C., Thursday, Jan. 18, 1968—PAGE 3 THURSDAY, JANUARY 18 Ed Sullivan, 8 p.m. Gunsmoke, 7 p.m. A wounded teenage burglar is left to die. Color. The Lucy Show, 8:30 p.m. Lucy moonlights as a wait ress. Color. Thursday Movie, 9 p.m. “Torpedo Run,” with Glenn Ford, Ernest Borg- nine. Color. Glenn Ford FRIDAY, JANUARY 19 Marshal Dillon, 7 p.m. Matt is accused of killing a man in a fist fight. Color. Johnny Mathis, Lana Cantrell are guests. Color. Smothers Brothers, 9 p.m. Sid Caesar is guest. Color. MONDAY, JANUARY 22 Best of Holly wood, 7 p.m. “Heaven Knows Mr. Allison,” with Robert Mitchum. Color. Andy Griffith, 9 p.m. The Mayberry Church must decide to spend a $500 dona tion. Color. Sid ( aesar Gomer Pyle . . . USMC, 8:30 p.m. A teenager develops a crush on Gomer. Color. Friday Movie, 9 p.m. “633 Squadron,” with Cliff Robertson, George Chakiris. Color. SATURDAY, JANUARY 20 Jackie Gleason, 7:30 p.m. The Kramdens and Nortons buy a run-down hotel. Color. My Three Sons, 8:30 p.m. Ernie thinks he’s a jinx. Color. Million $ Movie, 11:20 p.m. “Half Angel,” with Loretta Young, Joseph Gotten. SUNDAY, JANUARY 2! Gentle Ben, 7:30 p.m. Ben becomes the target of a wealthy hunter. Color. Family Affair, 9:30 p.m. Uncle Bill buys the children an aquarium. Color. TUESDAY, JANUARY 23 Daktari, 7:30 p.m. Dr. Tracy installs a burglar alarm in his clinic. Color. Good Morning World, 9:30 p.m. Jerry Van Dyke guest-stars as Dave’s former partner. Color. WEDNESDAY, JANUARY 21 Theater Three, 7 p.m. “The River’s Edge,” with An thony Quinn. Color. Beverly Hillbillies, 8:30 p.m. A blizzard hits Beverly Hills. Color. He and She, 9:30 p.m. Dick and Paula resort to cun ning to obtain tickets to a foot ball game. Color. Mrs. Johnson service Friday Mrs. Bessie W. Johnson, 85, of Rt. 2, Kinards, Fairview community, widow of James P. Johnson, died Thursday in a local hospital. She was a native of Newber ry county, a daughter of the late James Boyd and Jane Maddison Workman, and lived most of her life in the Fairview area. She was a member of Fairview Baptist church and a charter member of Shady Grove Home Demonstration Club. Surviving are two sons, Car- roll and James Johnson of Kin ards; a daughter, Mrs. Earl Johnson of Kinards. Funeral services were con ducted Friday from her church by Rev. Lester L. Cooper, Jr., Rev. W. W. Willingham, and Rev. Marion Ringer. Interment was in the church cemetery. Income Tax information Q.—Are there any changes in the tax law I should be aware of when I file my 1967 income tax returns? A.—The filing requirements for 1967 returns are little changed from what they were a year ago. Perhaps the major change concerns the handling of medical deductions. All taxpayers itemizing med ical deductions on 1967 returns will be subject to the same 3 percent and 1 percent income limitations. Previously, taxpay ers 65 years of age and over could deduct all of their allow able medical expenses, not just those in excess of 3 per cent of their adjusted gross in come. Another change in the med ical deduction area concerns premiums paid for medical insurance. On 1967 returns, one-half of the premiums paid for this insurance may be de ducted without regard to the 3 percent limitation. The max imum that may be deducted under this provision is $150. The balance of the premiums paid should be added to tbe taxpayer’s other medical ex penses subject to the 3 percent rule. Insurance premiums paid for supplementary benefits under “Medicare” are covered by this provision but not that portion of the Social Security tax with held from wages for Medicare. These changes in the medical expense area are explained on page 7 of the 1040 instructions. To avoid errors that could lead you to underpay or overpay your taxes, read the instruc tions ■ before you file. Q.—Where can I get 1967 tax forms? A - Most taxpayers should receive their income tax forms in the mail early in January. Additional copies of the forms will be available in post offices, local IRS offices and many banks. Q.—I inherited some stocks from my grandfather’s estate and later sold it. Do I have to report anything on my tax re turn ? A.—Yes. You will have a capital gain or loss measured by the difference between the sale proceeds and the fair mar ket value of the stock at the late of your grandfather’s pass ing. The transaction should be reported on Schedule D and at tached to your form 1040. Q.—I was married last month. Since my name has changed do I also have to change my Social Security number? A.—When your name is changed, you should notify your local office of the Social Security Administration office as soon as possible. Your num ber will not be changed but your record will be corrected to reflect your married name. Q.—I’m a full time college student and my parents claim my exemption on their tax re turn. If I file for a refund of taxes withheld on a summer job, will they lose their exemp tion for me? A.—No, your parents will not lose you as an exemption, pro vided the necessary dependency tests are met. Q.—Are gifts ever taxed? A.—There is no federal tax to pay for the recipient but the giver may have to pay a tax if the gift is sizable. The law generally requires a tax return to be filed by the donor when a gift or gifts to any one person during the year exceed $3,000. However, income earned on gifts is taxable to the re cipient. Q.—I sold my house just a month or so before my 65th birthday. Does that mean I won’t be entitled to the special benefits for the elderly on those sales ? A.—To qualify for these special benefits you must be 65 or over before the date of sale or exchange. Q.—Do you have to report as income insurance compensa tion for injuries received in an auto accident? A.—No, damages for injuries suffered in an accident are tax free. Q.—Who has to file a tax re turn ? A.—A return must be filed by every person under 65 who has a gross income of $600 or more during the year. Those 65 and over, a return does not have to be filed until gross in come reaches $1200. However, if you are self-employed, you must file a return if you had net self-employment income of $400 or more, even though your gross income was less than $600. The filing requirements also apply to minors. If, for example a child has income of $600 or more from a savings or trust account or any other sources, then a return must be filed on behalf of that child. Whether You Open A Large Or Small Savings Account Ask These Questions First... 1. Is it safe? 2. Is it Federally Insured against every possible loss? 3. Is it available should you need it? 4. Is it earning a good rate of return? 5. Is it with an old and reputable institution—Fed erally Chartered and with a large Reserve Posi tion. If your savings account is with Newberry Federal the answer to each question is “yes.” Where you save does make a difference. 1823 COJLLEOB S T B E B T. N B W B E B HT. •. O. DIRECTORS John F. Clarkson J. K. Willingham E. B. Purcell W. C Huffman A. E. Morehead J. M. Rawls, Leearille, 8. C. P. M. DeLoache, Saluda, S. C.