A No. The law is a little hazy on this point, but the conventional wisdom is that such reward points are in the nature of nontaxable discounts. Similarly, you won’t be charged any extra tax if you use a credit card to earn frequent flier miles, whether the mileage is used for business or personal travel. Tip: You can generally deduct credit card fees as a business expense, but you get no comparable tax benefit from this type of expense on your personal return.
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