HTML format requested. I will now structure the content based on the user’s detailed requirements.
Plan:
1. Introduction: Start with the common question of tax deductions for the support fund, creating an empathetic hook.
2. Summary (H2 + UL): State the conclusion clearly in three bullet points: it’s not deductible because it’s non-taxable income, and therefore, spending it doesn’t count for credit card deductions either.
3. Detailed Explanation (H2/H3/Table):
Why no deduction? Explain that support funds like this are government aid, not earned income, and are classified as non-taxable under the Income Tax Act. The search results confirm this.
Understanding Deductions: Briefly explain the principle of income deduction to clarify why non-taxable items are irrelevant.
What about spending? Clarify that spending from the support fund (prepaid card, local currency) is not eligible for the credit/debit card usage deduction. This deduction applies to spending from one’s own taxable income. There was some confusion in the past with earlier disaster relief funds where some forms were deductible if registered, but the general principle for non-taxable government grants is that the spending isn’t deductible. I’ll stick to the more fundamental and current interpretation.
Table: Create a simple table to compare spending from personal funds vs. the support fund.
4. Positive Spin (H2/H3/UL):
Making the most of it: Shift from the tax issue to practical advice. Emphasize its role in supporting living costs and local businesses.
Usage Tips: Provide a bulleted list on how to use the fund effectively: check affiliated stores, be aware of restrictions, and use it before it expires.
5. Further Q&A (H3):
Briefly answer common questions about eligibility, application for minors, missed deadlines, and errors, using LSI keywords and directing users to official sources like the Geoje City Hall website. The search results show the Geoje plan has faced delays and political debate, so I will phrase this section carefully, advising users to check for the latest official announcements.
6. Formatting: Ensure all HTML tags (`
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