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Level 7

Compensation received from Airlines taxable

Hello,

I booked Europe flights for my family. Due to some problems, our flight reached our destination one day later. Airlines gave us some percent of the ticket price back to me. Is this a taxable event ?

 

Thanks

3 Replies
Level 14

Compensation received from Airlines taxable

NO

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Level 11

Compensation received from Airlines taxable

The refund is not taxable to you because the original purchase is not deductible.

Level 17

Compensation received from Airlines taxable

A refund is not taxable because it's a return of your own - presumably already taxed - money.