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What is Standard Deduction? With the Recent Updates

Being a taxpayer in the USA, you have two ways to reduce your taxable income: first is standard deduction and the second is itemized deductions. The standard deduction is basically a fixed amount that you can subtract from your income, regardless of your actual expenses. Whereas, you can itemize your deduction on certain expenses only…

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T4 Slip Made Simple: Your Essential Tax Reporting Guide

Different countries follow varied tax guidelines, such as issuing T4 slip in Canada. Navigating through these differences can be overwhelming for non-resident employers having business in the country. However, it is important to understand it rather than letting it become complicated. This article aims to simplify the use of T4 slip, ensuring youโ€™re equipped with…

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