15% off all SkyMiles awards for Amex cardholder
Feb 16, 2023, 3:54 pm
#151
Join Date: Jul 2002
Posts: 3,636
Pretty quickly as I file as soon as tax season opens up. I used to get hard checks in the mail. Now it’s direct deposit. Make sure you check the 2022 box online not 2023 or you won’t get your refund for another year. And definitely do not do this with a state as the amount would be taxable income.
Feb 17, 2023, 8:05 am
#152
FlyerTalk Evangelist
Join Date: Nov 2014
Location: MSP
Programs: DL PM, UA Gold, WN, Global Entry; +others wherever miles/points are found
Posts: 14,393
It's definitely not for everyone - I would not be able to file a return that early, and regardless you should be prepared for the possibility that the refund doesn't post in time.
Note that a state tax payment and refund in the same year will not cause taxable income (although I think the IRS processors have better rates).
Note that a state tax payment and refund in the same year will not cause taxable income (although I think the IRS processors have better rates).
Feb 17, 2023, 9:08 am
#153
Join Date: Jul 2003
Location: Atlanta
Posts: 5,175
It's definitely not for everyone - I would not be able to file a return that early, and regardless you should be prepared for the possibility that the refund doesn't post in time.
Note that a state tax payment and refund in the same year will not cause taxable income (although I think the IRS processors have better rates).
Note that a state tax payment and refund in the same year will not cause taxable income (although I think the IRS processors have better rates).
Do NOT do this with a state! State tax refunds can possibly be considered taxable income while the payment will not be tax deductible or will be capped.
Feb 17, 2023, 10:24 am
#154
FlyerTalk Evangelist
Join Date: Nov 2014
Location: MSP
Programs: DL PM, UA Gold, WN, Global Entry; +others wherever miles/points are found
Posts: 14,393
A state tax refund is only taxable to the extent that it is a refund of a payment that was deducted in a prior year.
Feb 17, 2023, 10:38 am
#155
Moderator: Hyatt; FlyerTalk Evangelist
Join Date: Jun 2015
Location: WAS
Programs: :rolleyes:, DL DM, Mlife Plat, Caesars Diam, Marriott Tit, UA Gold, Hyatt Glob, invol FT beta tester
Posts: 18,890
EDIT: or are you saying that the taxable part of the refund will be similarly capped?
Feb 17, 2023, 10:51 am
#158
FlyerTalk Evangelist
Join Date: Nov 2014
Location: MSP
Programs: DL PM, UA Gold, WN, Global Entry; +others wherever miles/points are found
Posts: 14,393
If you made the payment in the same year you received the refund, the refund is never taxable (it directly offsets the payment).
If you receive a refund of SALT payments that were subject to the SALT cap, only the excess of the refund (if any) over the reduction due to the cap is taxable (so e.g. paid $20k of SALT, itemized, received refund of $5k - none is taxable). See also Publication 525, page 27.
However, this should all be moot unless someone knows of a state that charges less than 1.87% for CC payments.
Feb 17, 2023, 1:23 pm
#160
Join Date: Jun 2004
Location: ATL
Programs: Delta PlM, 1M
Posts: 6,363
Random data point on the theory DL is jacking up rates so the 15% does not matter.
First flight booked after promo. Short east coast flight over a weekend with almost no flexibility.
Cash ticket was $303
SM was 18,200 + $17 after 15% discount
Looks like a redemption rate of almost $0.016 to me.
First flight booked after promo. Short east coast flight over a weekend with almost no flexibility.
Cash ticket was $303
SM was 18,200 + $17 after 15% discount
Looks like a redemption rate of almost $0.016 to me.
Feb 17, 2023, 1:40 pm
#161
FlyerTalk Evangelist
Join Date: Sep 2002
Location: IND
Programs: DL PM & 2MM™, Lifetime HHonors Diamond
Posts: 20,889
Feb 17, 2023, 2:19 pm
#162
FlyerTalk Evangelist
Join Date: Jul 2003
Posts: 23,021
Random data point on the theory DL is jacking up rates so the 15% does not matter.
First flight booked after promo. Short east coast flight over a weekend with almost no flexibility.
Cash ticket was $303
SM was 18,200 + $17 after 15% discount
Looks like a redemption rate of almost $0.016 to me.
First flight booked after promo. Short east coast flight over a weekend with almost no flexibility.
Cash ticket was $303
SM was 18,200 + $17 after 15% discount
Looks like a redemption rate of almost $0.016 to me.
BOS-LHR had been available from 148K roundtrip D1 before program (documented in other posts), and now starts at 220K miles roundtrip before discount. JFK-MAD/BCN had been going for as low as 230K roundtrip before, and now starts at 310K and 350K, respectively.
https://www.flyertalk.com/forum/34965275-post1824.html
Plenty of other D1 routes where there looks to have been a noticeable increase and where awards are only slight better than 1 CPM after discount.
Last edited by xliioper; Feb 17, 2023 at 7:53 pm
Feb 18, 2023, 8:00 am
#163
Join Date: Jul 2012
Programs: DL DM 2 MM, Marriott Bonvoy Lifetime Titanium/Ambassador Elite , Hilton Honors Lifetime Diamond
Posts: 502
15% benefit, what a joke....
I'm looking for Delta One award space to ATH with flexible dates late September/throuhout October with flexible origination in the midwest, even positioning elsewhere such as DC area, JFK, BOS or ATL. In less than a week, D1 redemption have increased 350k across the board from 10 different destinations to ATH. I've been flying this route and booking D1 point redemptions for this route for years. Have never seen anything like this previously. Almost every RT route is 750k.
Hey Delta....no thanks. I'm not that desparate
I'm looking for Delta One award space to ATH with flexible dates late September/throuhout October with flexible origination in the midwest, even positioning elsewhere such as DC area, JFK, BOS or ATL. In less than a week, D1 redemption have increased 350k across the board from 10 different destinations to ATH. I've been flying this route and booking D1 point redemptions for this route for years. Have never seen anything like this previously. Almost every RT route is 750k.
Hey Delta....no thanks. I'm not that desparate
Feb 18, 2023, 9:36 am
#164
FlyerTalk Evangelist
Join Date: Mar 2012
Posts: 19,489
15% benefit, what a joke....
I'm looking for Delta One award space to ATH with flexible dates late September/throuhout October with flexible origination in the midwest, even positioning elsewhere such as DC area, JFK, BOS or ATL. In less than a week, D1 redemption have increased 350k across the board from 10 different destinations to ATH. I've been flying this route and booking D1 point redemptions for this route for years. Have never seen anything like this previously. Almost every RT route is 750k.
Hey Delta....no thanks. I'm not that desparate
I'm looking for Delta One award space to ATH with flexible dates late September/throuhout October with flexible origination in the midwest, even positioning elsewhere such as DC area, JFK, BOS or ATL. In less than a week, D1 redemption have increased 350k across the board from 10 different destinations to ATH. I've been flying this route and booking D1 point redemptions for this route for years. Have never seen anything like this previously. Almost every RT route is 750k.
Hey Delta....no thanks. I'm not that desparate
Feb 18, 2023, 10:02 am
#165
Join Date: Aug 2013
Programs: DL DM 1MM; IHG Diamond Amb
Posts: 190
Nesting an international trip in between a domestic round trip isn’t violating any COC rules? Or are you supposed to do a one-way, then the trip you actually want to take, and a final one way to get home from your positioning airport.
If the nesting thing is okay, are there any other things not to do so you don’t violate anything to where they cancel your ticket?