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Thread: IRS says FF miles are tax-free*
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Old Feb 22, 2002 | 7:37 am
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duxfan
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Lucky5:
In all fairness, the personal use of frequent flyer miles obtained while traveling on business for your employer arguably _should_ be treated as income.
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And how does the IRS track that? Since I'm self-employed and have to watch my travel expenses more closely than your average corporate traveler, I frequently use Saturday stayovers to keep costs down. This certainly would make it more difficult for the green eyeshade types at the IRS to consider it "business travel" and tax the miles.

Luckily, most of my miles are on CO. CO keeps devaluing the OnePass program, so if the IRS does decide to tax miles, I might actually be able to claim a loss, because they sure don't have the value now that they did when I earned them!



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