In 2016 we used our personal card for business expenses that were reimbursed by our company. Since we used our personal card we received a good amount of Cashback Bonus that we redeemed in 2016. Do we claim these rewards as income since it was reimbursed by our employer?
04646
4 Replies
Patrice
New Member
May 31, 2019 11:31:47 PM
No, this would not be considered income. The IRS states that reward points/cash back are treated as reducing the purchase price paid for an item and are usually not included in the buyer's gross income.
MrsH
New Member
May 31, 2019 11:31:48 PM
So even though my husbands company reimbursed us for the items that gave us the cashback, we dont have to claim it?