![]() ![]() ![]() But if you think you need to report these rewards on your tax return, you’ll be happy to know that it isn't necessary in most cases.įor most of these rewards that are given to consumers, the IRS treats them as discounts rather than income. You're probably familiar with all the different credit card companies offering cash back rewards or even those mail-in rebate offers you receive on certain goods. Hello, I'm Scott from TurboTax with some information about how you should treat your cash back rewards for tax purposes.
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