The IRS allows people who travel for business to deduct their meal expenses from their income. The Per Diem rate is set by the IRS. The current rate (as of October 1, 2015) is $63 per day in the Continental US and $68 per day while in Canada.You may hear the amount of the deduction quoted as $50.40.he IRS allows people who travel for business to deduct their meal expenses from their income. The Per Diem rate is set by the IRS. The current rate (as of October 1, 2015) is $63 per day in the Continental US and $68 per day while in Canada.
Qualified dividend. In the U.S. a qualified dividend is a type of dividend to which capital gains tax rates are applied. These tax rates are usually lower than regular income tax rates. In contrast, ordinary dividends that do not qualify for this tax preference are taxed at an individual's normal income tax rate.
Non-Qualified Dividends: A non-qualified dividend is any dividend that doesn't meet the test of qualified dividends (see above). The dividend tax on these dividends is the same as an investor's personal income tax bracket. If you're in the 35% tax bracket, for instance, you'll pay a 35% dividend tax on non-qualified dividends. Sunset of Dividend Tax Relief Scheduled for January 1st, 2011