Standard mileage rate.
The standard mileage rate for the cost of operating your car in
2000 is 32 1/2 cents a mile for all business miles.
Car expenses and use of the standard mileage rate are explained in
Depreciation limits on cars.
Generally, the total section 179 and depreciation deductions you
can claim for a car that you use in your business and first placed in
service in 2000 is $3,060. Depreciation on cars and the section 179
deduction are covered in chapter 4.
Exceptions for clean-fuel cars. There are two exceptions
to the depreciation limits for cars that run on clean fuel. See
Exceptions for clean-fuel cars under Depreciation
Limits in chapter 4.
Meal expenses when subject to "hours of service"
Generally, you can deduct only 50% of your business-related meal
expenses while traveling away from your tax home for business
purposes. You can deduct a higher percentage if the meals take place
during or incident to any period subject to the Department of
Transportation's "hours of service" limits. (These limits apply
to certain workers who are under certain federal regulations.) The
percentage is 60% for 2000 and 2001 and it gradually increases to 80%
by the year 2008. Business meal expenses are covered in chapter 1.
Photographs of missing children.
The Internal Revenue Service is a proud partner with the National
Center for Missing and Exploited Children. Photographs of missing
children selected by the Center may appear in this publication on
pages that would otherwise be blank. You can help bring these children
home by looking at the photographs and calling
5678) if you recognize a child.
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