CatinaT1
Expert Alumni

Get your taxes done using TurboTax

From what you say, I believe this is a Reward that is treated as a rebate for your spending.

 

Rebates are not taxable on the cash value if it is considered a rebate.

 

Generally, you do pay taxes on prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no matter the amount, but I don't think what you are describing is a prize.

 

 

 

 

 

 

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