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re: If I use points for a business trip, can I still deduct the cost from my taxes?
Posted on 9/6/16 at 12:04 pm to LSUFanHouston
Posted on 9/6/16 at 12:04 pm to LSUFanHouston
quote:
LSUfanHouston
Good to know. Makes sense.
As far as trying to tax points goes, I feel like that is just impossible because like I said - How are you going to assign a value to points? Only way I can think of is taxing the difference between the statement credit value and the redemption value. But then since you already paid an AF to have those benefits, does that become tax deductible? Also so many different kinds of points and so many ways to redeem, and so many different price levels for the same redemption. Coupled with the reasons you mentioned, I think the possibility to tax points is remote.
This post was edited on 9/6/16 at 12:06 pm
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