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Credit card rewards are NOT subjected to taxiation/1099 because they are considered purchase rebate.
On the other hand checking account rewards/bonus are taxable if they don't require spending to earn it.
@trumpet-205 wrote:Credit card rewards are NOT subjected to taxiation/1099 because they are considered purchase rebate.
On the other hand checking account rewards/bonus are taxable if they don't require spending to earn it.
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