摘要:

A document published by the Internal Revenue Service (IRS) that provides guidance to individuals who have more deductions than income in a given tax year. If the total deductions a taxpayer claims [阅读全文]

摘要:

A document published by the Internal Revenue Service (IRS) that provides guidance on what types of business expenses are and are not deductible. IRS Publication 535 covers the rules for deducting b[阅读全文]

摘要:A document published by the Internal Revenue Service (IRS) that provides tax information for individuals who own residential properties that are rented out for income, either part of the year or all y[阅读全文]

摘要:A document published by the Internal Revenue Service (IRS) outlining the available deductions that tax payers can claim for moving expenses related to starting a new job or relocating because of a tra[阅读全文]

摘要:A document published by the Internal Revenue Service that outlines the criteria which must be met in order for a taxpayer to deduct expenses for the care of children and dependents. IRS Publication 50[阅读全文]

摘要:A self-employed taxpayer that controls his or her own employment circumstances, including when and how work is done. Independent contractors are not considered to be employees and must pay their own S[阅读全文]

摘要:Expenses including fees and tips for porters, baggage handlers and other personal service employees. These expenses are part of the "meals and incidental expenses reimbursement" rates provided by th[阅读全文]

摘要:A per person breakdown of general living expenses. It includes the amount paid for lodging, food consumed within the home, utilities paid and other expenses. The sum of all the expenses is then divide[阅读全文]

摘要:A nonrefundable education tax credit that can be claimed for students that have yet to complete two years of post secondary education. The Hope Credit may be taken for tuition and fees, but not room a[阅读全文]

摘要:Expenses incurred from the operation of a business or the performance of employment-related activities within your residence. To be able to deduct home office expenses, an individual must spend at lea[阅读全文]

摘要:Any repair-related expenditures incurred during the process of preparing one's home for sale. This type of expense does not include major home improvements such the addition of a new room or swimming[阅读全文]

摘要:An above-the-line deduction for teachers and other education professionals to compensate for unreimbursed out-of-pocket expenses incurred in the course of their teaching duties. The educator expenses [阅读全文]

摘要:Any travel expenses incurred while at a business convention. These expenses are tax-deductible if they are business or work-related.

Travel expenses may include food, lodgings, conventio[阅读全文]

摘要:Any interest that is paid during the construction phase of a building or other tangible property. The interest may be incurred directly as the result of a construction loan. Construction interest expe[阅读全文]

摘要:Expenses that are incurred as a result of the taxpayer's regular means of getting back and forth to his or her place of employment. Commuting expenses can include car expenses and public transportati[阅读全文]

摘要:A non-refundable tax credit for unreimbursed childcare expenses paid by working taxpayers. The Child and Dependent Care Credit is designed to encourage taxpayers to pay childcare expenses so that they[阅读全文]

摘要:Any expenses incurred in the ordinary course of business. Business expenses are deductible and are always netted against business income.

Although it is not necessary to include receipts[阅读全文]

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A figure set each year by the Canadian government determining the maximum amount on which to base contributions to the Canada or Quebec Pension Plan (C/QPP). The YMPE specifies the earnings amount [阅读全文]

摘要:An employer managed retirement plan that uses the employer's current income to fund pension payments as they become necessary. This is in contrast to an advance funded pension plan where an employer [阅读全文]

摘要:

A company retirement plan that has more liabilities than assets. In other words, the money needed to cover current and future retirements is not readily available. Hence, there is no assurance that[阅读全文]