Listen "Are Credit Card Points Taxable? Best Practices for Business Owners, Investors, and Side Hustlers with CPA Rachel Earl"
Episode Synopsis
(Disclaimer: Click 'more' to see add disclosure) Itinerary Boss is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as YourBestCreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.In episode 114 of World Travel Made Easy With Itinerary Boss, CPA and points enthusiast Rachel Earl joins Ross to clear up the confusion around Credit Card Points and taxes for business owners, side hustlers, and real estate investors. From statement credits to partnership distributions, Rachel explains how to enjoy Credit Card Points without triggering surprise tax issues.You will learn when redeemed rewards are taxable, why statement credits can raise your net income, and how to keep personal and business spending clean in your books. We cover S corp vs LLC considerations, meal and travel documentation, mileage logs, referral 1099s, bank bonus interest, and annual fee treatment. With simple systems like QuickBooks or Excel, you can track costs, reconcile accounts, and maximize Credit Card Points the right way. If you love Points & Miles but want to stay compliant, this is your playbook. Subscribe to never miss an episode.Website: itineraryboss.comCredit Card Resources:Points and Miles Cheat SheetBest Credit Cards for TravelBonus Offer NotificationsTransfer Bonus NotificationsMesa HomeOwners Card: Use code KWHDBY to earn 5,000 bonus points Favorite Travel & Points Tools:TravelPayouts: Turn your trips into income and earn!Gondola AI: Find better hotels, earn more points, travel for free!Rakuten: Earn cash back/rewards on every purchase!Seats.aero: Discover the best flights for your pointsSaveWise: Maximize Cashback, Miles, & PointsAwardWallet: Organize & track your points and milesCardPointers: Earn more from your credit cards daily Our Favorite Daily Personal & Business Tools:Kit: Grow and monetize your email listClickUp: Stay organized and master projectsFunction Health: Optimize your health, explore the world!Rachel’s Social Media:LinkedInItinerary Boss Socials:LinkedInInstagramPinterestFacebook YouTube Itinerary Boss LLC has affiliate partners and some of these are affiliate links. This means that if you click on the link and purchase the item, we will receive an affiliate commission at no extra cost to you. We only recommend products or services we believe will add value to our listeners. Disclaimer: The information provided by Itinerary Boss is for informational purposes only. We are not responsible for any outcomes, including injuries, damages, or losses, related to your travel plans. All travel is undertaken at your own risk, and Itinerary Boss assumes no liability for third-party services or actions.