To: ClintonBeGone
My question exactly! How do I account for the deduction?
11 posted on
10/11/2004 12:40:02 PM PDT by
Dubh_Ghlase
("Every man dies, but not every man truly lives...." Braveheart)
To: Dubh_Ghlase
There will be a formula for small stuff and big ticket will require receipts.
17 posted on
10/11/2004 12:42:29 PM PDT by
Conspiracy Guy
(Dan Rather, "I lied, but I lied about the truth".)
To: Dubh_Ghlase
you will either keep all receipts and itemize, or take a deduction pre-determined by your income, etc., much like how the standard deduction works now
67 posted on
10/11/2004 1:07:27 PM PDT by
mrplind
(The greatest threat to the United States is not "terrorism" as we know it, it's liberalism!)
To: Dubh_Ghlase
Years ago, when we used to have this deduction, a bunch of tables were printed in the 1040 booklet, based on income level. Back then, if you saved all your receipts, and that figure was higher than the figure in the table, you could deduct actual tax paid, rather than the table tax.
I wonder if they are returning to that method.
To: Dubh_Ghlase; tellw
I'm old enough to remember when it was deductible before. You could either save all receipts, or take a flat percentage based on your income from a table in the instructions.
It was pretty nice when you bought a car or something...
115 posted on
10/11/2004 3:07:48 PM PDT by
snopercod
(I have no interest in streamlining government or making it more efficient, I mean to reduce its size)
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