Is money received from cash back websites/apps (ebates/rakuten, ibotta, sams club rewards etc.) taxable? Thank you.
You'll need to sign in or create an account to connect with an expert.
Generally, no. It reduces the purchase price. So make sure that if it were a business purchase, you reflect the cashback as a reduction of the price.
Not taxable. Cash back money is considered price reduction.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
aprilshowersrt75
New Member
dubsmash262
New Member
lilbit197904
New Member
STCT
New Member
walkinperfectlove
New Member