A couple times per year I have training or travel expenses related to my job. My company's policy is for me to pay the expenses out of pocket, and they reimburse me in full. Are these reimbursement payments being taxed? Do I need to make sure to deduct them? What if I file a simple deduction? Thanks.
I'm assuming that you're in the US. In that case, the answer is that it depends on how your company set up its reimbursement plan. The IRS recognizes "accountable" and "nonaccountable" plans. Accountable plans have to meet certain requirements. Anything else is nonaccountable. If you are reimbursed according to an accountable plan, this is not income and should not be reported to the IRS at all. If you are reimbursed under a nonaccountable plan, then this is income but you might be able to get a deduction on your tax return if you itemize.
Most established companies have accountable plans for normal business expenses.