Citibank recently sent recipients of a special frequent flier mile promotion an unwelcome surprise: a 1099 tax form indicating those miles are taxable income. Wondering if your other credit card rewards might be taxable too? Well, stop worrying.
Now that summer is nearly over, you can start planning for next year's big vacation by racking up airline miles. We spoke with one expert who scored 250,000 miles in a 12-month period by opening just three cards. But his strategy isn't for everyone.