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IRS alert: Your credit card rewards could be taxed heres the hidden rule to know

Some credit card rewards may be taxed, and taxpayers should know the hidden rules. While cashback from spending is usually safe, referral bonuses and no-spend welcome rewards can count as income. People may need to report them in tax returns. Experts warn to check forms and amounts carefully. Understanding these rules can help avoid mistakes before filing during the tax season.

30 Mar 2026 5:58 pm