Deductions for Business Award Travel

manicsocks

Level 2 Member
I realized as I was frantically trying to finish my taxes last week that I didn't know how/if I could claim deductions for business travel paid for with FF miles and hotel points. Does anyone have any anecdotal experience with this?

I thought maybe I could I have just looked up what the paid fares/room rates were and deduct those amounts, but I didn't have receipts for those amounts, so I decided not to.

Does anyone have any thoughts on this topic?
 

Matt

Administrator
Staff member
You can't deduct earned miles, but if you bought miles you could possibly deduct that as the ticket price.

I tend to deduct out of pocket taxes/fees that come with the booking.

Edit to add- I really recommend trying notttt to claim the cash value of a regular booking... That's borderline fraud.
 
Last edited:

manicsocks

Level 2 Member
I really recommend trying to claim the cash value of a regular booking... That's borderline fraud.
Did you mean: "I really recommend not trying to claim the cash value of a regular booking..."

That all makes sense. Would you deduct the cost of points bought through points.com or just ones that come directly from an airline like lifemiles?
 

Matt

Administrator
Staff member
Yep- my devilishly Freudluan mindslip again...

I deduct any cash out flow for a legitimate business expense
 
Top