Important Changes for 2000

Standard mileage rate. The standard mileage rate for the cost of operating your car, van, pickup, or panel truck in 2000 is 32 1/2 cents a mile for all business miles driven. See Truck and Car Expenses.

Self-employed health insurance deduction. The part of your self-employed health insurance premiums that you can deduct as an adjustment to income is 60% for 2000. See Insurance.

Important Reminder

Business use of your home. You may be able to deduct expenses for your home office even if it is not where you perform your most important business activities or spend most of your business time. See Business Use of Your Home.

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