Wednesday, February 8, 2012

Pay a Hefty Tax for Miles Rewards? 'No, Thank You' Citibank

In late January 2012, Citibank customers who had responded to a 2011 promotion to receive 25,000 American Airlines frequent flier miles for opening a checking or savings account got a surprise in the mail. An IRS Form 1099-MISC showed a taxable income of $645 from Citibank. What can you do to offset these taxes? Read more here...

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