Home - About - Contact     Review credit cards, vote for the best credit card, learn from others about credit card rewards, benefits, cool perks and more.     Search     Register    Profile    Check private messages    Log in  Are credit card rewards taxable?           Forum Index -> Best Reward Credit Cards View previous topic :: View next topic   Author Message Claudia U POSTER Joined: 11 Feb 2008 Posts: 40 Posted: Mon Feb 11, 2008 12:52 pm    Post subject: Are credit card rewards taxable? 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? Back to top Claudia U POSTER Joined: 11 Feb 2008 Posts: 40 Posted: Fri Feb 15, 2008 3:03 pm    Post subject: didn't want to confuse everybody with this post. well, anyways let's see if we get an answer one day. Back to top admin Site Admin Joined: 03 Oct 2007 Posts: 184 Posted: Sat Feb 16, 2008 9:09 am    Post subject: 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. Back to top Voffka Joined: 17 Dec 2007 Posts: 19 Posted: Mon Feb 18, 2008 10:18 pm    Post subject: 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 Back to top Display posts from previous: All Posts1 Day7 Days2 Weeks1 Month3 Months6 Months1 Year Oldest FirstNewest First          Forum Index -> Best Reward Credit Cards All times are GMT - 6 Hours Page 1 of 1   Jump to: Select a forum General Credit Card Topics----------------General Credit Card DiscussionsCredit Card ReviewsCurrent Credit Card PromotionsCreditCardMix Visitor Feedback and InputCredit Card Consolidation Best Credit Card Offers----------------Best Low Interest Credit CardsBest Balance Tansfer Credit CardsBest Instant Approval Credit CardsBest Reward Credit CardsBest Cash Back Credit CardsBest 0% Credit CardsBest Cash Advance Credit CardsBest Airline Credit CardsBest Cash Back GAS Credit CardsBest Business Credit CardsBest Student Credit CardsBest Credit Cards for Fair/Bad Credit Technical Questions----------------Questions & Answers  You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum CreditCardMix © 2007-2008