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If I use points for a business trip, can I still deduct the cost from my taxes?
Posted on 9/4/16 at 12:19 pm
Posted on 9/4/16 at 12:19 pm
Inspired by the credit card thread...
I realized that with my 3 kids and my wife and I working full time, our vacations basically center around our business trips (my wife actually has her hotels paid for, while mine are just write offs). Can I use points but then still deduct from taxes?
I realized that with my 3 kids and my wife and I working full time, our vacations basically center around our business trips (my wife actually has her hotels paid for, while mine are just write offs). Can I use points but then still deduct from taxes?
This post was edited on 9/4/16 at 4:20 pm
3
Posted on 9/4/16 at 12:37 pm to AndyJ
Did you recognize the points as income when they were awarded to you?
Posted on 9/4/16 at 1:48 pm to AndyJ
Ok cool.
2 questions
1) are you supposed to pay taxes on points (I presume the answer is yes)
2) do most people actually do this? (I suspect no)
2 questions
1) are you supposed to pay taxes on points (I presume the answer is yes)
2) do most people actually do this? (I suspect no)
Posted on 9/4/16 at 2:05 pm to AndyJ
quote:
If I use points for a business trip,
Why would you do that? The ONLY benefit about traveling for business is accumulating the points and you want to use them for a business trip? You been hitting that magic dragon again?
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