- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
That is contrary to everything I've found and read though.
- "You will not be required to pay tax on the cash value of rewards that were considered rebates."
- "No, credit card cash-back rewards are not taxable. The IRS treats cash-back rewards as a rebate on spending and not as income, so you aren’t required to pay income tax on these rewards."
Basically, any credit card rebate that required a purchase to earn is not taxed.
March 14, 2023
3:45 PM