Money received by cash back

Is money received from cash back websites/apps (ebates/rakuten, ibotta, sams club rewards etc.) taxable? Thank you.

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2 Replies

Money received by cash back

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.

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Money received by cash back

Not taxable. Cash back money is considered price reduction.

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