Hawthorne Press Tribune
Herald Publications - El Segundo, Hawthorne, Lawndale & Inglewood Community Newspapers Since 1911 - (310) 322-1830 - Vol. 63, No. 11 - March 18, 2021
The Weekly Newspaper of Hawthorne
A Hawthorne Favorite Inspired a Top Ten Song
The Fosters Freeze franchise in Hawthorne, California is known to be the hamburger joint, where Beach Boys band member Dennis Wilson saw the girl in the Thunderbird he sang about in his song titled “Fun, Fun, Fun”. Fosters Freeze has been a California tradition since
the mid 1940’s. The Fosters story begins in 1946 when George Foster opened the first Fosters Freeze in Inglewood, California. He introduced the soft serve cone and a line of soft serve desserts. The unique product became so popular that he opened a chain of restaurants.
As California grew, so did the Fosters concept. Made-to-order hamburgers, fries and other food items were added to the menu. Fosters Freeze truly could be described as California’s first fast-food chain. Photo courtesy Fosters Freeze.
Finance
Common Tax Myths, Debunked
(BPT) - As you look ahead to doing your taxes
still very important for tax benefit purposes,
this year, there are a number of myths you may
including increased credits, child tax credits,
think are true for the 2020 tax year. If so, you
filings status determination and many more
are not alone - tax myths and misinformation
benefits. Just not a simple tax deduction as
are more common than you may think. And
in the past.
unfortunately, these myths can be costly if they
Myth 3: You must itemize to deduct charitable
lead to mistakes on your taxes.
donations
Here are the top tax myths this year:
This was the rule in prior years, but it changed
Myth 1: Anyone working at home can deduct
for the 2020 tax year - you don’t have to
their home office expenses
itemize deductions to take a charitable donation
Just because you’re working from home - as
deduction this year. Under the CARES Act, you
many taxpayers are now - doesn’t mean you
can deduct up to $300 in charitable donations
can deduct the cost and expenses of the space
made to IRS-approved organizations when you
used for your home office. In fact, this deduction
take the standard deduction. But if you do
only applies to people who are self-employed.
itemize, you still get to claim the deduction
But, some taxpayers may also be eligible if
anyway.
they are employed by someone else but use the
Myth 4: You can file taxes on a postcard
space to engage in self-employment activities.
This is not true. When the tax regulations
Myth 2: You can claim dependent exemptions
were revised, you may have read in the press
for your children
about a new “postcard” tax return, but it was
In the past, dependent exemptions allowed
never true. The “form” that was circulated to
taxpayers to claim deductions for dependents
be like a “postcard” is in fact two pages long,
(such as children) on their federal tax return.
plus three schedules!
Unfortunately, dependent exemptions are
Myth 5: You’ve already paid taxes on your
no longer a thing. However, dependents are
See Finance page 5
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