If we use cash back apps at grocery stores (Ibotta) does that count as income with the change in 2022?

[lizzybee13]

Some apps used cash out to PayPal would we have to prove it was for a rebate to not be taxable income. Others cash out to gift cards or directly to bank account.

[TomD8]

If you must make a purchase with the card in order to obtain the cash back, the IRS considers it a non-taxable rebate.

[Opus 17]

Rebates and coupons are fancy ways of offering price discounts, and discounts are not taxable income.

However, if you buy business supplies or inventory with a rebate card, the amount of your business expense is the price after the discount or rebate, not the original price.