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: Tax Implications. Qualified dividends can be found on line 1b of your 1099-DIV form. Qualified dividends are ordinary dividends that are subject to the tax rates applied to long-term capital gains rather than ordinary income. Long-term capital are taxed at much more favorable rates than ordinary income. As seen in the table below, qualified dividends are taxed at much lower rates than ordinary dividends, which can be taxed as high as 39.6%. For example, a taxpayer in the 35% tax bracket that receives $10,000 of ordinary dividend income would be on the hook for $3,500 of taxes.