Matt Hodges on Nostr: npub1zdcyj…j6exm "Generally, the IRS categorizes redemption of credit card rewards ...

npub1zdcyj993h0cl26ku7rzfyf8pdfs5fljl5wt30uk0evwwwv6tgh0ssj6exm (npub1zdc…6exm) "Generally, the IRS categorizes redemption of credit card rewards and frequent flyer miles as non-taxable"¹ ... "Thankfully, most of the points and miles you earn are not considered income by the IRS"² ... "If earned through the use of the card, like a cash-back bonus, the rewards are viewed by the IRS as a rebate and not taxable income."³

¹ https://www.cnbc.com/select/are-credit-card-rewards-taxable/
² https://www.forbes.com/advisor/credit-cards/are-credit-card-rewards-taxable/
³ https://www.investopedia.com/ask/answers/110614/are-credit-card-rewards-considered-taxable-income-irs.asp