Texas Mileage Reimbursement Rate 2024 Pdf

Texas Mileage Reimbursement Rate 2024 Pdf. If your medical and dental expenses exceed more than 7.5% of adjusted gross income (agi), you can deduct the overage. So for simple math, if your agi is $100,000 for the year 2024, and your medical costs are $10,000, you would be able to deduct $3,000 of your medical costs.

John must report the $20 as income on his tax return. In 2024, the rate is 21 cents per mile, a decrease of 1 cent from 2023.