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Author Topic: Airline Points Used Deductible?  (Read 1051 times)

Rollin

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Airline Points Used Deductible?
« on: March 01, 2018, 05:56:14 PM »
The DW took a few business trips in 2017 and used her Southwest points to pay for a few of the tickets. So, the receipts are showing only the fees that she paid with credit card. Can we deduct the points used? If so, how the heck do you place value on them?
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LessIsLess

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Re: Airline Points Used Deductible?
« Reply #1 on: March 08, 2018, 07:10:25 AM »
Quote from: Rollin on March 01, 2018, 05:56:14 PM
The DW took a few business trips in 2017 and used her Southwest points to pay for a few of the tickets. So, the receipts are showing only the fees that she paid with credit card. Can we deduct the points used? If so, how the heck do you place value on them?

Airlines will sell you miles.  Find out the cost from their website.  Print it out, and calculate the value.  You could attach the documentation to your tax return if you want, or keep it for your record and produce it if anyone asks.
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terran

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Re: Airline Points Used Deductible?
« Reply #2 on: March 08, 2018, 07:21:48 AM »
Interesting question!

Looks like the answer is probably not: https://www.creditcards.com/credit-card-news/petersen-frequent-flier-miles-deductible-2243.php

There are other results that I didn't click on if you google "airline points business expense"
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skuzuker28

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Re: Airline Points Used Deductible?
« Reply #3 on: March 08, 2018, 09:05:25 AM »
You didn't (or shouldn't have) included the airline points you earned in your income, so using them doesn't contribute to any deduction you'd be eligible to take.
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Wow, a phone plan for fifteen bucks!