I needed just 8,000 more miles in my account to book two tickets home, and it looked like I was going to have to buy them. American Airlines wanted to charge $220 plus taxes and fees, which seemed like a huge rip off. But it really does drive home the purpose of buying miles.
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Learn which fringe benefits are taxable and which ones are not. An employee fringe benefit is a form of pay other than money for the performance of services by employees. Any fringe benefit provided to an employee is taxable income for that person unless the tax law specifically excludes it from taxation. Taxable fringe benefits must be included as income on the employee's W-2 and are subject to withholding.