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Thread: Are frequent flyer programs trying to increase the CASH value of their miles?
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Old Feb 25, 2007 | 7:14 pm
  #13  
mia
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Originally Posted by Counsellor
...win miles in a sweepstakes, the Feds are right there at the door demanding taxes based on the "value" of each mile won.

- And I suspect that if you were paid in miles for some work you did, they'd want their income tax cut of that, too.
On the other hand, banks that award miles in lieu of interest on account balances do not report these as income.
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