Are Credit Card Rewards Taxable?

“How are credit card rewards that are earned jointly with someone else (like a spouse or business partner) handled for tax purposes?

Generally, credit card rewards are not taxable to individuals because they are considered a form of rebate or discount on purchases or fees paid using the card. Rewards received due to a sign-up bonus or other promotion could potentially be taxable.”

Read more from Eric Chaimowitz in “Are Credit Card Rewards Taxable?” on here.