Thread: Imputed Income
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Old 01-16-2019 | 08:18 PM
  #16  
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symbian simian
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From: Aircraft & Seat: old & hard
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Originally Posted by Excargodog
Yes there is. Their free travel is considered a fringe benefit to you. You will wind up taxed for what the IRS is told the value of it is at your marginal rate.

https://www.law.cornell.edu/cfr/text/26/1.61-21
Yes, and tax is taken the moment the swag points are paid in your account, so if you later but gift cards or buddy passes it is not taxed again.
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