New answers tagged tax-deduction
5
Canada has a tax credit for donations to charitable organizations, but the credit is for a percentage (less than 100%) of the amount donated. Similarly in the United States, charitable donations reduce one's taxable income but do not reduce the tax owed by the full amount of the donation. In rare cases, there can be 100% credits for certain donations (for ...
2
Both the employer and employee (including dependents) get tax deductions for employer-provided health insurance. Your portion ($190) should appear in the pre-tax area of your paystub. Feel free to confirm with your payroll department.
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