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Level 2
posted Jul 8, 2020 5:21:10 PM

Money received by cash back

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

0 2 331
2 Replies
Employee Tax Expert
Jul 8, 2020 5:44:33 PM

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. 

Level 15
Jul 8, 2020 5:52:31 PM

Not taxable. Cash back money is considered  price reduction.