Are credit card rewards points, miles, and cash back taxable? #taxes #creditcard #pointsandmiles

Most of the time credit card miles, points, and cashback are not taxable in the eyes of the IRS. However, there are circumstances where you may receive cash or benefits that are taxable. In this case, you must remember to report these amounts to the IRS when filing your tax return. Credit card issuers don't generally send you a 1099-MISC if you earned less than $600 in a calendar year, but you are still required to report these payments to the IRS.

#irs
#taxes
#creditcard
#taxableincome
#pointsandmiles
#cashback