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Income Tax Planning
Chapter 7: Itemized Deductions/REIMBURSED EXPENSES
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 7: Itemized Deductions

REIMBURSED EXPENSES

01.Core Concepts

• If reimbursed in same year as expense paid: • Reimbursement offsets deductible amount. • If reimbursed in the year after medical expenses were paid: • Reimbursement is income only to extent medical deduction was taken by taxpayer (tax benefit rule).