Are Credit Card Rewards Taxable? Here’s Why You Got a 1099 for Earning Points
Every year around this time, mailboxes (and inboxes) fill up with tax documents from banks, employers, and investment firms, all designed to help you report your income to the IRS. But there’s one place you typically don’t expect to hear from at tax time: your credit card company. One of the many appealing things about points and miles is that they’re essentially funny money. Even though they can...
