Flight Credit

[jordankouri]

Hi, I am wondering about visa gift cards from Airlines. We were asked to move to another flight and given a visa gift card. Is this considered taxable income since it is a visa gift card that can be spent on anything or cashed out? Thank you!

[rjs]

No, it's not taxable income, and you do not report it on your tax return. It's a partial refund of what you paid for your flight.

[jordankouri]

Is that the case even though it was more than what we paid for the ticket?