Important Changes

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 1-800-THE-LOST (1-800-843- 5678) if you recognize a child.

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