That's because the IRS generally considers credit card rewards to be discounts or rebates on purchases made with the card, not income. Do credit card rewards expire? Whether your credit card ...

While we love earning travel rewards here at TPG, there's also some real value in using a cash-back credit card to earn cold, ...

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Mastercard is a 50-plus-year-old credit card network that facilitates transactions between merchants and card issuers, while providing extensive benefits to its cardholders, including Priceless ...

Consumers often had to submit a rebate request and wait for weeks or months to receive the credit. Today, cash-back cards allow you to earn money back on various purchases at the end of each ...

Generally, the IRS categorizes redemption of credit card rewards and frequent flyer miles as non-taxable. Instead of being seen as income, "they are treated as rebates or discounts on what you ...

People who missed one of the COVID stimulus payments or had received less than the full amount were able to claim the credit.

So does Uncle Sam want a cut? In most cases, the IRS treats credit card rewards as a rebate, which isn't taxable. However, there are situations where rewards might be regarded as taxable income.