Tax Day!
Are your taxes done? Filed?The filing deadline for individuals was March 1 in 1913 (the first year of a federal income tax), and was changed to March 15 in 1918 and again to April 15 in 1955, in order to give individuals adequate time to gather their information from the previous year, organize the data and file accurately for what was due.
Punctuation marks aren’t deductible, apparently
One section of the Internal Revenue Code – 341(e)(1), if you must know – has, from the first capital letter to when you finally hit a period, more words than Lincoln’s Gettysburg Address.
The section, which deals with collapsible corporations, was repealed in 2004. It probably wasn’t because of the run-on sentence, but you never know.
Can’t buy me love – or tax relief
George Harrison wrote Beatles song “Taxman” as an attack on the high levels of progressive tax in Britain at the time. The lyric “There’s one for you, 19 for me” was in reference to the 95 percent “supertax” that the Beatles were subject to because of their income level.
The U.S. is no stranger to high marginal rates. During the latter part of World War II, the highest was 90 percent. (The effective or “real” rate was substantially less, it must be noted.) For comparison, right now, the highest marginal rate is 39.6 percent.
It happens in other countries, too, Director Ingmar Bergman and tennis player Bjorn Borg both left Sweden for Monaco because the tax rates were so high.
By the way, if you decide to follow their lead and leave the U.S. for tax-protest reasons, be aware that you’ll face a steep charge. An exit fee when you take your money oyut of the USA.
When the government takes your shorts
There have been many colorful acts of tax rebellion. There is one real case, well documented, in which taxpayers owed the government money and paid it with a check written on underwear… And the government cashed them.
Got a student loan? Pay attention
When student loans mature and start accruing interest, that interest is a deduction – but not just any deduction. It is what’s called an above-the-line deduction, with the “line” being the line of adjusted gross income on the form.
So what does that mean? Even if you take a standard deduction rather than itemized, you can still take a deduction for the student-loan interest on top of that.
Many people don’t realize, leaving their loan interest on the table.
One caveat: If Mom or Dad still list you as a dependent, you can’t claim it. But they might be able to.
We know your pets are family, but … well, they’re not, actually
Many people have tried to claim a pet as a dependent. No matter how much you love your pets (even if you love them more than your family), they can’t be claimed as a dependent.
People also have tried, unsuccessfully, to claim well-tipped restaurant servers as dependents, as well as deductions for donated blood, semen and eggs.
But you can claim this as a deduction
Gender-reassignment surgery is deductible, as long as the person is properly diagnosed with gender identity disorder or gender dysphoria.
This has not always been true, but even the IRS changes with the times and with changes in the medical community.
Everyone owes taxes – everyone
One of the big misconceptions is that people think they didn’t owe any tax if they get a refund. You DID owe tax; you just overpaid.
And before you get too excited about that refund, remember that getting one means you gave the government an interest-free loan. If that’s less than palatable, you might want to revisit your withholding setup.
Even people in space
However, residents of the International Space Station are technically out of the country, so they trigger an automatic two-month extension. And they probably e-file.
Speaking of space explorers, there’s a story that members of the Apollo missions got hazard pay, and that was taxable – even though it was earned on the moon.
About that, ahem, side business
All income, even illegal income, is supposed to be claimed on your taxes.
Don’t believe it? Ask infamous gangster Al Capone, sentenced to 11 years in federal prison for not paying income tax on his ill-gotten gains. Of course, he also responsible for countless deaths, but it was the taxes that landed him in the clink.
And finally, for those of you who still aren’t finished with your taxes
Most people do not understand the nature of tax extensions… you can request one, and it gives you another six months to file and prepare. But it doesn’t give you another 6 months to pay any tax you owe. So if you owe money to the government, be aware that interest and penalties start accruing after midnight April 15, even if you don’t have to file for months because of an extension.























They
are so cool. Whether turn-of-the-century (last century) U.S. brands, or
vintage euro-first aid, they’re hot. They are all over eBay, Etsy, even

Car safety standards have changed drastically over the years. For example, seat belts were not required in vehicles until 1968 when the U.S. Department of Transportation issued a mandate to all auto makers. New York became the first state to require seat belts be worn by drivers and front-seat passengers in December of 1984. Today, 49 of the 50 states and Washington D.C. have either primary or secondary seat belt requirements, according to the Governor’s Highway Safety Association. New Hampshire is the only state that does not require adults over age 18 to wear seat belts. In addition, front air bags have been required in cars since 1998. And, many cars now include side air bags as well.