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Discussion Forum Index --> Tax Questions --> CashBack Bonus
Taxworld (talk|edits) said:
| 31 March 2006
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| What's the explanation for credit card Cashback bonuses not being taxable income? Treated as a rebate? A rebate on all purchases? Seems strange... Thank goodness they are not taxed!
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AJS (talk|edits) said:
| 1 April 2006
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| When you get a discount on something that you buy do you want to include that in income?? NOOOOOOOOOOOOOOOOOOOOO
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Warren (talk|edits) said:
| 1 April 2006
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| But many people use those credit cards for business and deduct full cost and then don't claim the cash back bonus. Some do the same with rebates on business purchases. IRS was going to tax it a few years ago and then for some reason didn't
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Jake (talk|edits) said:
| 1 April 2006
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| I think the IRS even gave up on use of "business" airline miles for personal travel.
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