Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions Credits, deductions an...
Twitter Google Share on Facebook federal government Dictionary Thesaurus Legal Financial Wikipedia federal governmentorfederation,government of a union of states in which sovereignty is divided between a central authority and component state authorities. A federation differs from a confederation in that the...
A rate schedule is a chart that helps United States taxpayers determine their federal income tax burden for a particular year. Another name for "rate schedule" is "rate table." The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), which "is the official ...
Browse all tax tips Married filing jointly vs separately Guide to head of household Rules for claiming dependents File taxes with no income About form 1099-NEC Amended tax return Capital gains tax rate File back taxes Find your AGI Unemployment benefits and taxes ...
Define exchange rate. What does a high exchange rate mean? What is liquidity ratio? What is the income tax rate in Canada? What is cap rate? How are exchange rates determined? What are taxable wages? What is a feed in tariff?
What is a tax treaty? What is property taxation? What is the income tax rate in Canada? What are tax credits? What is state withholding tax? What is effective tax rate? What is a tax haven? What is the Gas Guzzler Tax? What is the difference between a tax and a tariff?
In administering the refund process, the refund may first apply to offset other amounts payable, including arrears under both theFederal Tax Actand the BC Tax Act. More Definitions ofFederal Tax Act Federal Tax Actmeans theIncome Tax Act(Canada),as amendedfrom time to time. ...
Increases to the capital gains inclusion rate for all corporations and trusts and for individuals with annual gains >$250,000 Confirmation of the alternative minimum tax (AMT) proposals affecting high-income individuals, but with amendments to the AMT treatment of charitable donations Design and imp...
Focuses on significant tax measures proposed by the Finance Department for businesses in Canada. Reduction of the federal corporate income tax rate; Elimination of the foreign-property rule which limits the amount of foreign property that pension funds and other tax-deferred retirement plans can ...
Increases to the capital gains inclusion rate for all corporations and trusts and for individuals with annual gains >$250,000 Confirmation of the alternative minimum tax (AMT) proposals affecting high-income individuals, but with amendments to the AMT treatment of charitable donations Design and imp...