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.
Qualified dividends are dividends earned from owning stock. The tax status of dividends paid by an ETF is determined by the type of securities held by the fund. To pay qualified dividends, an ETF must own stock paying qualified dividends. Bonds pay interest so a bond fund does not pay qualified dividends. The tax nature of a bond ETF depends on the type of bonds in which the ETF invests. The types of bond ETFs include Treasury bond funds, government bond funds, foreign bond funds, corporate bond funds and municipal bond funds.