On November 8, 2024, the U.S. Department of Labor (DOL) issued Opinion Letter FLSA2024-01. This letter provides additional clarity about whether daily expense reimbursement payments can be ...

For example, if you itemize, your AGI is $100,000 and your total medical expenses are $9,000, you can deduct only $1,500 of medical expenses on Schedule A ($9,000 - $7,500). Subscribe to Kiplinger ...