Credit Card Rewards Are Tax Free!!!
- Kenneth D. Eichner, P.C.
- Jul 1, 2023
- 1 min read
Your miles earned on your credit card are NOT taxable! The IRS does not tax any extras you earn with your credit card – including miles, discounts, or cash back – as long as you pay the credit card. However, other rewards for example that you receive for signing up for a card or for referring a friend are income per the IRS.
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