I.R.S. CHANGES
A few changes from 2002 to 2003
1. Business Car Mileage is now 36 cents instead of 36.5 cents from last year. 2. Medical Insurance deduction for self-employed & dependents is now 100% from 80%. 3. Section 179 (Depreciation allowance) is now $25,000 from $24,000 from last year.
For More Changes Consult Publication 553
For Legitimate Business Expenses Consult Publication 535