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Caps and taxes

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From: Bunki Kramer (bkramer_at_TeacherArtExchange)
Date: Wed Mar 05 2003 - 21:08:52 PST


from: Bunki Kramer (bkramer@srvusd.k12.ca.us)
Los Cerros Middle School
968 Blemer Road
Danville, CA 94526
http://www.lcms.srvusd.k12.ca.us/newKramer/KramerMain.html
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>From: "Lori Graham" <graham24@cox.net>
> My accountant just told me that there is a cap on teaching supplies per year
> now. That cap is $250...and not a cent more that the IRS will accept on
> your tax returns.
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My CPA told me yesterday that I can itemized under "charitable
contributions" because we are actually contributing money and resources to a
school...as in "charity". Talk to your CPA. I'm not sure what the cap is on
that though. I just nodded my head and said..."Uh, huh." Toodles....Bunk

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