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Thankfully, most credit card rewards are not taxable. According to the IRS, any cash-back rewards a taxpayer receives on credit card purchases “do not constitute gross income.”
According to the IRS, any cash-back rewards a taxpayer receives on credit card purchases “do not constitute gross income.”. The IRS does not differentiate between cash-back rewards and...
Consumers complained that rewards are often devalued or denied even after they meet program terms. And consumers who carry revolving balances often pay more in interest and fees than they get...
Cashback Monitor is a website that tracks earnings rates across dozens of online shopping portals and cash back sites, making it easy to see which portal will give you the most points, miles...
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If someone gives you a gift that is not tied to a contest or giveaway, you are not liable for the taxes. According to the IRS, the donor typically pays taxes on gifts, and annual...
Rewards credit cards in particular allow you to earn points, miles or cash back when you use your card to make purchases — adding up to savings over time with regular spending.
Flickr source Credit card companies are making it easier than ever to donate your rewards points to charitable causes. In fact, most credit card websites with rewards programs allow you to...
Americans love their rewards, don't they? According to TNS Global's Financial Services Research, some 57% of rewards card holders have cash-back credit cards. And there are lots to choose...
AP Rewards credit cards have become so ubiquitous -- and their cash-back rewards so lucrative -- that it's become a common refrain that you're leaving money on the table if you don't have one.