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2002 above line deductions. (Fast Tax Facts 2002).


2002 ABOVE LINE DEDUCTIONS


Qualified teacher expenses deductible for AGI    $250
Deduction for clean-fuel vehicles *            $2,000

* Currently certified are the 2001, 2002 and 2003 Toyota Prius as well
as the 2003 Honda Civic Hybrid. Return for year vehicle is first used
can be amended to take deduction. Watch for other models of hybrid
gas-electric vehicles to be certified.
COPYRIGHT 2002 California Society of Certified Public Accountants
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:teachers and hybrid vehicles
Publication:California CPA
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2002
Words:59
Previous Article:Education-related tax benefits. (Fast Tax Facts 2002).
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