Child Tax Credit: Increased to $500 per child;

Student Loan Interest Deduction: Limit increased to $1,500;

Self-Employed Health Insurance Deduction: Increased to 60%;

Business Equipment Deduction (Section 179): Limit increased to $19,000. This limit will increase gradually to $25,000 in 2003;

Standard Mileage Rate: Decreased to 31 cents per mile;

Home Office Deduction: Rules have become less restrictive;

Deductibility of traditional IRA contributions: For participants in employer retirement plans, AGI limit increased to $61,000 (married filing jointly) and $41,000 (Single).

Credit Cards: Automatic four-month extension of time to pay taxes is granted if a credit card payment is made by April 17, 2000.