Employer-provided educational assistance program extended.
The tax-free status of up to $5,250 of employer-provided
educational assistance benefits each year was scheduled to end for
courses beginning after May 31, 2000. It has been extended to include
undergraduate-level courses beginning before January 1, 2002.
Standard mileage rate.
Generally, if you drive your car to and from school, you can deduct
32 1/2 cents per mile. See Transportation Expenses
under What Educational Expenses Are Deductible?
Limit on itemized deductions.
If your adjusted gross income for 2000 is more than $128,950
($64,475 if you are married filing separately), your itemized
deductions may be limited. See the instructions for line 28 of
Schedule A (Form 1040).
Photographs of missing children.
The Internal Revenue Service is a proud partner with the National
Center for Missing and Exploited Children. Photographs of missing
children selected by the Center may appear in this publication on
pages that would otherwise be blank. You can help bring these children
home by looking at the photographs and calling
5678) if you recognize a child.
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