Latrell's employer paid for his business trips and he was not taxed on the travcel reimbursement. How much income does Latrell have to recognize as a result of purchasing with points?

Answer Latrell recently used his Delta Skymiles to purchase a free roundtrip ticket to Milan, Italy (value $1,200). The frequent flyer miles used to purchase the ticket were generated from Latrell's busin... Read More »

Top Q&A For: Latrell's employer paid for his business trips ...

Does employer paid transportation count as earned income for SSI?

No. Employer-paid transportation, such as when an employee goes on a business trip, does not count toward earned income when calculating SSI benefits. The definition of earned income is all the tax... Read More »

Can i deduct the amount that i paid toward employer health insurance premiums from my income tax?

You are allowed to deduct the portion that you pay toward employer health insurance premiums from your income tax as long as you are not reimbursed as part of the medical expenses deduction. Howeve... Read More »

How to Claim Points Paid for Refinancing a Mortgage on Your Income Tax?

When you take out a mortgage or refinance your mortgage, your lender typically gives you the option of paying discount points, which represent an upfront cost paid to lower the interest interest ra... Read More »

Employer Tuition Reimbursement Programs?

So you like the idea of going back to school without giving up your day job or spending a dime. Depending on the company you work for, you might be able to do just that. At the very least, your emp... Read More »