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The Harlem News
Harlem, Blaine County, Montana
What is this article about?
U.S. taxpayers must file 1943 income tax estimates by September 15, paying 50% of excess over 20% withholding; farmers may delay to December 15 with full payment. Final returns due March 15, with error margins of 20-33%. Affects 15 million filers.
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Estimate Returns
Fifteen million taxpayers will be required to file estimates of their 1943 income taxes September 15, but the nation's farmers will have the choice of making their declarations on that date or December 15.
All married men with gross incomes of $3,500 or more, and single persons earning $2,700 or over, must file figures showing how much they owe the government in excess of the 20 per cent being deducted from the wages through the current withholding tax. At the same time, a 50 per cent payment of the estimated excess liability must be made.
If farmers file a return of their estimated tax September 15, they also must make a 50 per cent payment. If they choose to file December 15, they must make full payment.
In the case of the average taxpayer, he will be allowed a 20 per cent error in margin. Farmers are granted a 33 per cent margin. All taxpayers will have to file a final return on their tax liability next March 15, at which time any balances will be settled.
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Domestic News Details
Event Date
September 15, December 15, March 15
Outcome
taxpayers must file estimates and make 50% payments on excess liability over 20% withholding; farmers have option for full payment on december 15; final settlement on march 15; 20% error margin for average taxpayers, 33% for farmers.
Event Details
Fifteen million taxpayers required to file 1943 income tax estimates on September 15, except farmers who may choose December 15. Married men with $3,500+ gross income and single persons with $2,700+ must file excess over 20% withholding and pay 50%. Farmers pay 50% if filing September 15 or full if December 15. Final return due March 15.