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 550.

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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