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.
A qualified dividend is a corporate distribution that meets certain criteria set forth by the Internal Revenue Service to qualify it for capital gains treatment. This means that anyone receiving a qualified dividend will pay the much lower capital gains rate on that dividend, rather than the normal tax rate.he tax rate paid on ordinary dividends received is the same as the tax rate for ordinary income, while the tax on qualified dividends has ranged in recent years from 0% to 15%, depending on the recipient's tax bracket.