The cost of a gift card is cut and dry but how about an item?
Anything related to the taxes on a reward would be clarified by your employer, most likely on the W2 paperwork.
Thank you for the response. The information is not included on my W2. I was told we had to report purchased items on my taxes as income. If I purchase a gift card I know to use the amount of the card. I cashed in points to get a Fitbit Zip. After checking several sites for the cost, I am at an impasse trying to decide what amount to claim for the item. Jennifer
I recommend checking with an accountant.
You should receive a letter with the value of the purchase. I don't have mine in front of me so I can't remember if it came from KHEP or from Go365, but I have received one each year I have redeemed points for Fitbits.
This is correct. The letter was sent by KEHP.
Thank you! I finally received a letter. Jennifer
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