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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...
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...
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This month, Congress will vote on a bill to eliminate almost all of the funding for popular credit card reward programs like cash back and travel points. This legislation would allow...
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.
Earn 5% cash back on up to $1,500 on combined purchases in bonus categories each quarter you activate. Earn 5% cash back on travel purchased through Chase. Earn 3% cash back on dining...
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...