Using Miles/Points for Tax Relief

Using Miles/Points for Tax Relief

If you are looking for a way to donate your miles/points to a non-profit organization, to not only do some good, but also deduct the donation from your taxes, read on. LoyaltyMatch.com has a program wherein non-profit organizations can create a Community Commerce group on the LoyaltyMatch Web site that allows the non-profit to leverage the selling power of each group member’s points. So, when a member of the group sells an item on the Web site, such as a private cooking lesson through the Hilton HHonors program (130,000 points), and converts their points to cash, the money from the sale is donated to the non-profit — and the member will receive a tax receipt. You can read more about how this works at http://www.insideflyer.com/link/?1148 — This program also works well for fundraising activities for schools, teams, churches and other groups needing funds.

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