Using Your Car for Charity
The standard mileage rate for the use of your car in giving services
to a charitable organization has increased from 12 cents per mile to 14
cents per mile. For more information, see Publication
526, Charitable Contributions.
Bond Premium Amortization
New rules explain how to amortize the premium on bonds. For more
information, see Bond Premium Amortization in chapter 3 of Publication
Kerosene for Household Use
You can claim a credit (or refund) for the excise tax you paid on
undyed kerosene you bought after June 30, 1998, and used in your home for
heating, lighting, or cooking. You must file Form
1040 to take the credit. Use Form
4136, Credit for Federal Tax Paid on Fuels, to figure the credit.
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