News article about having to pay tax on airline miles (Citibank)

[Laura2323]

Thought I would post this as a head's up to those that received this promotion.

http://money.msn.com/taxes/news.aspx?feed=AP&date=20120130&id=14739904

[Anonymous]

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@Laura2323 wrote:

Thought I would post this as a head's up to those that received this promotion.

http://money.msn.com/taxes/news.aspx?feed=AP&date=20120130&id=14739904

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Doesn't apply to credit cards but thanks for sharing 

[AndySoCal]

There is a similiar article in the LA Times. The fine line pending IRS clarifiication is this. If you open a miles credit card  and get bonus miles for opening the account that might be taxable pending IRS clarification. If you are redeeming miles that is not taxable.