Is it deductable, purchases using reward points?

Food and drink items receipts are not necessary if you itemize and take the standard daily meal allowance for truckers which is currently $63/day when away from home. Just have some means to backup your days away from home number you're using in the event of audit

Regarding other things that may be a deductible expense, it's okay to use points as long as the receipt shows the dollar value and tax amount at the bottom, which they normally do.

 

You can deduct anything you want ... It only becomes an issue in the case of an audit.

 

That. Words of wisdom.

 

No, you can't deduct purchases paid for with points, unless you pay income taxes on the points.

Use your points for food, and pay cash for the things not covered by a standard deduction.

 

Use the points for showers, then we can all appreciate it.

 

Just to clarify standard deduction(at least for now) is $63 and under transportation worker you are entitled to use 80% instead of the standard 50%
So remember your Actual standard daily deduction = $50.40

 

MsJamie is correct. If you are audited and have used points without also claiming all reward points as taxable income they will be null and void.

 

I seriously doubt that. We are talking the IRS. If you are audited and they find unreported income (the points on the card) they will likely try and make you pay taxes on the points with all the associated penalties for the last 6 years.

 

My statement of "null and void" was lazy communication for " they wont see it the same way you are trying" You sir are correct that he would have to submit an amended return at the very least and get hit with fines and penalties for filing a fraudulent return.