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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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March 31, 2023
9:10 AM