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Claudia
U POSTER
Joined: 11 Feb 2008
Posts: 39
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 Posted: Mon Feb 11, 2008 12:52 pm Post subject: Are credit card rewards taxable? |
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| just wondering whether credit card rewards are taxable or not. credit card companies pay alot of money in rewards and i bet they write it off their profits as well. it means that money is in reports to irs. do we pay taxes on credit card rewards or not? |
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Claudia
U POSTER
Joined: 11 Feb 2008
Posts: 39
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| Posted: Fri Feb 15, 2008 3:03 pm Post subject: |
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 didn't want to confuse everybody with this post. well, anyways let's see if we get an answer one day. |
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admin
Site Admin
Joined: 03 Oct 2007
Posts: 184
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| Posted: Sat Feb 16, 2008 9:09 am Post subject: |
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| According to this IRS publication cash rebates are not income. I will not personally guarantee or suggest that my finding is 100% correct. You should probably consult with a professional for that matter. |
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Voffka
Joined: 17 Dec 2007
Posts: 17
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| Posted: Mon Feb 18, 2008 10:18 pm Post subject: |
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i heard actually some people have been receiving notices about not paying their taxes on their reward rebates or whatever you call 'em. so credit card rewards may be taxable after all  |
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