A per diem can include part or all of the expenses incurred, for example it may exclude accommodation (for which reimbursement may be available on presentation of receipts) and only cover meals.Per diem is also used as an adjective and an adverb.April 2007). Per diem (Latin for per day or for each day) is a daily allowance for expensesâa specific amount of money an organization gives an individual, often an employee, per day to cover living expenses when traveling for work.
PPI usually only covers the loan or credit repayments for a limited period of time, typically twelve months. Many policies pay out in blocks of 30 days. This means that if you returned to work after 28 days, you wouldnât get a payment. There is usually a 30-day delay before you can make a claim.
Under the federal income tax rules, a qualified long-term care policy is considered health insurance. Therefore, premiums you pay for a qualified policy are treated as medical costs for itemized medical expense deduction purposes, and they can help you clear the 10%-of-AGI or 7.5%-of-AGI hurdle.owever, to actually claim a deduction on your 2014 return, your total qualified expenses, including eligible health insurance premiums, must exceed 10% of your adjusted gross income (AGI) or 7.5% of AGI if you, or your spouse if you are married, was age 65 or older as of Dec. 31, 2014.