But terms have yet to be worked out with card issuers, and the IRS is barred from paying fees to card firms. Congress clarified tax law to exempt sky diving from the airline ticket tax. Flights had been exempt only if instruction was given. A tax on diesel fuel for recreational motorboats is repealed. The levy of 24.3 cents a gallon had been suspended late last year.
Every bit helps.
The deduction for using your car while helping a charity rises from 12 cents a mile to 14 cents, effective next year. That's double the current trigger and applies to tax for 1998 or later. Line of duty. Benefits to survivors of a police officer or firefighter killed in the line of duty become tax exempt this year. Starting next year, individual retirement accounts will be allowed to invest in gold, silver, platinum, and palladium.