I have received $750 cash back from Citibank Credit Card (Mastercard) from all my purchases this year (2% back rewards). Do I need to report this on my 2016 tax returns? Is there a threshold for credit card rewards cash back like $600 and over and I will receive a 1099?
Also I received a cash back reward certificate from Costco for about $111 for my purchases this last year. Is this taxable? do I need to add this to the Citibank cash back when filling my tax returns?
