IRS warning: Some credit card rewards may be taxed
According to the IRS, most credit card rewards are not taxable under IRS rules because they are considered discounts or rebates, not income. The rules cover rewards earned on normal purchases, including cash back, airline miles and hotel points. Welcome…
IRS Alert: Warning to People Claiming 2 Specific Tax Credits – What to Know
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February 12, 2026
this IRS A stark warning has been issued about tax credits. It’s worth noting that points work differently than deductions. The credit reduces the tax due but does not reduce your taxable income. IRS Alert: Warning for People Claiming 2 Specific Tax…